Sasken - Not so good company but can be good investment?

Stock Opportunities
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From a safe dividend heaven for investors, Sasken has become a mediocre play.

  1. Sasken Technologies Embarks On ‘5x5 Vision’; Stock Surges To 10-Year High
    what happened to this vision by Sasken? Agree that the pandemic slowed growth but Sasken is not even near the halfway mark. Rather, their topline has been stangant
  2. Topline growth is in negative or zero territory since last ten years. Bottomline growth is mostly Sasken milking its top 10 customers which form bulk of their business (70%). Is the bottomline sustainable considering the Topline is under extreme stress?
  3. Total active clients over $1m have reduced from a high of 22 in Q3 2020 to 16. Not a single 10m client. This despite the huge overhaul and new hirings in the top management.

Buzzwords like connected car tech, 5g and ev are not bringing in the desired revenue.

Investors prefer that Mr. Mody walks the talk.

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