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Satyam - SAY - Roster of Quality Stocks
Rank: Advanced Member
Posts: 63
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I wonder why Satyam [SAY], the Indian outsourcing firm, is still listed in the Roster of Quality Stocks. As widely reported the Chairman was cooking the books and so the data that generates its current 7.4 rating is seriously flawed.
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Rank: Administration
Posts: 437
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The Roster is a mechanical screen, so companies are only evaluated based on historical results not on any other factors.
When results are officially restated, or when the analysts make a decision on how to reflect the results, then situations like this will resolve themselves.
Doug
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Rank: Advanced Member
Posts: 32
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But the data available from StockCentral for SAY has not been updated since 2007 !! |
Michael Stigall |
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Rank: Administration
Posts: 437
Thanks: 7 times
Was thanked: 14 time(s) in 10 post(s)
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The data hasn't been updated because the company is not filing.
The routine that creates the Roster doesn't take into account companies that are delinquent in filing. That's something we'll aim to fix.
Doug
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Satyam - SAY - Roster of Quality Stocks
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