To me this is a $30 stock based on all their numbers
at $1.50 may sound like hype but look close at this company
just my opinion. i think i found a diamond here. any opinions.
ticker: IGC
IGC Releases Record Revenue Numbers
October 23rd, 2008 •
We have a great profitable company for you today. India’s economy is projected to become the third largest in the world, and the Government of India (GoI), expects to spend $475 billion on infrastructure by 2012. The GoI is providing business incentives and tax incentives to build out the Indian infrastructure over 10 years, as well as the privatization of certain key assets including highways, airports, sea ports, power plants, etc. Reflecting India’s push to build out its infrastructure, IGC has an order book of $382M and $350M in ongoing bids. Within the next four months, the company expects to increase its order book to upwards of $700M. IGC is one of the few ways to invest in Indian infrastructure being the only Indian infrastructure company listed in the United States of America.