Rakesh Saxena

There Are Many More Satyams Out There

Dear amruth1: Please review Proximo's post (above) which is self explanatory. The fact that my "name is Indian" does not mean that I have to advocate buying into India. My exclusive commitment is to trade markets for profit--and if my interpretation of the facts is wrong, I have to take losses. But I only deal with facts, and the related inferences one can draw from the facts. Many thanks - Rakesh


On Jan 09 10:22 AM amruth1 wrote:

> I run a 115 year old publicly traded Indian health care company and
> I am proud of the fact that we have been giving dividends since 1936(
> when we did our listing). This has to say something about corporate
> governance!
> We are one of numerous Indian companies that do a honest days work
> and take care of all our stakeholders. For this author to say most
> emerging market companies have transparancy issues reeks of prejudice(
> and going by his name which is Indian makes this more of a Uncle
> Tom syndrome) . Are we all forgetting the Enrons, World Coms and
> the Maddoffs of the world? Seriously, seekingalpha should be careful
> about who they allow to write.
> Lot of people unfortunately read this sort of garbage and believe
> it to be true.