Asseco = mom&pop’s, plus a big employee overhead... and makes no real money, I wouldn't touch Asseco's stock with a 10-foot pole.
$70m in profit the first 6 months of '10, that's making money as far as I can tell.
They're a software house, they make real money, and lots of it. They're very well respected in the finance industry.
Let me quote:
EBIT margin of 17.5% as well as the net profit margin of 14.1% achieved by the Asseco Group are still among the highest scores in the whole IT industry.
If you think those are bad margins, you should stay away from business.
same for the Polish telecom, how would that even compare to Comcast, At&t or Verison?
Dunno, you mentioned carriers, I mentioned IT companies.
This thread is about well run companies. Those are well run companies, who have grown completely on their own without big subsidies, and are making a very healthy profit, incredibly lean, and are showing constant growth.
If you use market cap as a guide as to which companies are run well, you're not going to get very far. GM has a huge market cap, Fannie and Freddie as well, so does AIG, Citi....
Yea, for what it's worth, I'd rather put my money into Asseco and see returns than MSFT and see sad faces.
Investing in securities is, a bit, meh. Going to go pull out the dartboard and take up some drunken positions on commodities.