VIT ==> The Nottingham Winner

[smaskell]

more hurt...

Ouch. Thats gonna hurt

Man, down 25% from MrM entry. VIT hasn't been here since Sept. I feel your pain (TQNT). I have some cash I might drop on this guy though if it can ever find a solid bottom. Here's hoping for sooner rather than later.

[mrmarket]

When in doubt, buy the competition:


Press Release Source: VanceInfo Technologies Inc. On Tuesday April 12, 2011, 5:50 am EDT
BEIJING, April 12, 2011 /PRNewswire-Asia/ -- VanceInfo Technologies Inc. (NYSE:VIT - News) ("VanceInfo" or the "Company"), an IT service provider and one of the leading offshore software development companies in China, today announced that it has acquired 100% equity interest in the main operating subsidiaries of LW International Holdings Limited ("Lifewood"), a China-based company providing business process outsourcing ("BPO") services. Under the terms of the acquisition agreement, VanceInfo will pay an initial consideration of $5.6 million in cash and stock, with contingent consideration to be paid based on Lifewood's financial performance over the next three years.
Established in 2004, Lifewood provides primarily data processing services to clients in the United States, Europe and Asia Pacific. Its key industry verticals include publishing, healthcare and financial services. The acquisition marks VanceInfo's strategic expansion into the BPO business, an early stage growth sector with increasing synergies to the IT outsourcing sector.
"Lifewood is a highly process oriented BPO service provider with a well-developed system platform and customer centric service culture," commented Chris Chen, Chairman and Chief Executive Officer of VanceInfo. "It invested heavily over the past few years and has built a solid foundation for us to move aggressively into this high-growth business that is complementary to VanceInfo's service offerings. We believe this strategic alliance will create synergies for both and allow VanceInfo to serve a broader range of international customers with combined offerings."
"We are very excited to join the VanceInfo family," said Ronald Cheung, Chief Executive Officer of Lifewood. "Leveraging VanceInfo's platform and Lifewood's BPO capabilities, we hope to quickly bring this young business to the next level and become a market leader in China-based BPO services in the future."
Lifewood generated approximately $4.5 million in net revenues in 2010. The transaction is expected to be slightly accretive to VanceInfo's 2011 earnings.
About VanceInfo
VanceInfo Technologies Inc. is an IT service provider and one of the leading offshore software development companies in China. VanceInfo was the first China software development outsourcer listed on the New York Stock Exchange.
The Company ranked number one among Chinese offshore software development service providers for the North American and European markets as measured by 2009 revenues, according to International Data Corporation.
VanceInfo's comprehensive range of IT services includes research & development services, enterprise solutions, application development & maintenance, quality assurance & testing, globalization & localization and other solutions and services. VanceInfo provides these services primarily to corporations headquartered in the United States, Europe, Japan and Greater China, targeting high-growth industries such as technology, telecommunications, financial services, travel services, manufacturing, retail and distribution.

[Eric]

um... lulz?

[mannyp]

What do we think of the recent doings of VIT?

Looks like we bought at a peak and now it is down quite a bit. Do we see VIT going into the low teens or back into the $30+ range over time?

[mrmarket]

Looks like we bought at a peak and now it is down quite a bit. Do we see VIT going into the low teens or back into the $30+ range over time?

I'm holding til it reaches my target.

[Deaddog]

I'm holding til it reaches my target.

All you need is just a little under a 100% gain and you'll be there.

[mrmarket]

All you need is just a little under a 100% gain and you'll be there.

I've done it before.

[smaskell]

...but where is the bottom?

All you need is just a little under a 100% gain and you'll be there.

I've been tempted several times to buy into VIT but it just keeps dropping. Even at today's close its current P/E is still over 26 (21.92/.83). Still pretty high for the 'software & programming' sector. That makes me reticent until the price drops (or earnings grow) and the P/E is closer to 20.

[smaskell]

More Chinese accounting issues...

VIT was dragged down this week when Longtop Financial announced it was being probed by the SEC (sounds painful) over the resignation of its CFO and Deloitte auditor. It appears market confidence in the validity of financial numbers for any Chinese IT firm is evaporating. Will VIT suffer the same fate or are they the single honest company in that sector?

[buckhunter]

Out

For all of you still holding onto VIT, you should see your 15% profit soon since I just bailed out. Like $$MM$$ always tells us, it's our money and we need our own buy/sell strategies. The market seems to be treating all Chinese stocks like they're another Enron. I think I'll put my money to use elsewhere.

Best of luck to all of you VIT holders.....

[Chips]

For all of you still holding onto VIT, you should see your 15% profit soon since I just bailed out. Like $$MM$$ always tells us, it's our money and we need our own buy/sell strategies. The market seems to be treating all Chinese stocks like they're another Enron. I think I'll put my money to use elsewhere.

Best of luck to all of you VIT holders.....

You had more patience than me. I couldn't wait this long. I bailed on VIT a while back after loosing 10% and I've been thinking very hard about doing the same with NTES. The market seems to be pretty hard on Chinese stocks lately. Maybe if I bail, that will move it up for everyone else. Only time will tell for sure.

[Deaddog]

On Tuesday August 16, 2011, 9:45 am EDT
NEW YORK (AP) -- VanceInfo Technologies' second-quarter net income slipped due to higher expenses, the Beijing software developer said Tuesday, and shares slumped 27 percent on an outlook that left Wall Street's disappointed.

[smaskell]

one man's trash...

On Tuesday August 16, 2011, 9:45 am EDT
NEW YORK (AP) -- VanceInfo Technologies' second-quarter net income slipped due to higher expenses, the Beijing software developer said Tuesday, and shares slumped 27 percent on an outlook that left Wall Street's disappointed.

PE is now in the 16 range. A couple more days of fallout and I might be looking at a buy. If it was good at 37...

[Deaddog]

Equities research analysts at BMO Capital Markets lowered their price target on shares of VanceInfo Technologies (NYSE: VIT) from $15.00 to $12.00 in a research issued note to investors on Tuesday. They currently have a “market perform” rating on the company’s shares.

Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of VanceInfo Technologies in a research note to investors on Thursday, September 15th. Analysts at Kaufman Brothers cut their price target on shares of VanceInfo Technologies to $20.00 in a research note to investors on Wednesday, August 17th. Also, analysts at Kaufman Brothers upgraded shares of VanceInfo Technologies from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 15th. They now have a $25.00 price target on the stock.

http://localizedusa.com/2011/09/20/v...pital-markets/

If the low holds it just might be time to buy!!!

be fearful when others are greedy and greedy when others are fearful.....Warren Buffet

[billyjoe]

Vectorvest values VIT at 11.85 today. It has good earnings and excellent sales growth but the timing is terrible. They also rate it as undervalued.

-----------billy