TechLahore

Good question. But buying a stock at low value is one thing – turning it around into a profitable business venture is another. Netsol has weathered many tough climates and I am sure the current time too would pass. However, it seems all the big guns really don’t want to touch IT. They still view IT as an ancillary arm of their operations. Systems Limited’s area of expertise is in a different field all together. Leasing and finance based software houses in Pakistan are very few – to be quite honest, other than netsol, i really cannot think of another company that specializes in the leasing aspect of business.

Its not just buying the company, but the value add that is more important…. if Netsol were to be bought out, what will the new owners do with it?

Today the stock hit the lowest possible low it could hit on the NASDAQ: a penny. I guess, technically, zero is the lowest, but this is pretty ridiculous. If only I had a few million laying around!

CASHMAN is in Lahore, ask him .. http://jehanara.wordpress.com/2009/02/06/a-special-session-of-startup-insiders-at-lums/

Netsol is down to 39 cents today and is valued at a total of $10M. Ludicrous as it is, it defies all common sense as to why they are not getting picked up. The biggest issue with them has been the way their management has been perceived. Post-acquisition, that can be fixed.

they should come up with some good products

[...] out that while NetSol’s NASDAQ traded stock, NTWK, has made a modest recovery from the low of 25c up to close to a $1 now, it is still way off the $3.50 peak and the $2.50-$3.00 range it was [...]