Archives: 2008 September
Analysing ICICI bank – from a depositor’s perspective
September 28th, 2008, No Comments
The major events over the last few weeks created a small scare for some of the Indian banks. The fear was the level of exposure to the Lehman Brothers bankruptcy and the ongoing credit crisis. Considering that a lot of us including my family and me have our savings with ICICI bank, I decided [...]
Value investing is simple but not easy
September 23rd, 2008, No Comments
The above is a statement by warren buffett. It is a very apt comment. Value investing does not require a major leap of faith. Most of us can find companies selling below intrinsic value. That is the simple part. The difficult part is ignoring your emotions and buying such a stock. Value investing is even [...]
Credit crisis – Impact on us
September 18th, 2008, No Comments
The crisis is now full blown. I have not seen panic at this scale personally. I have read about it, but not seen it personally. It almost feels as if companies are being targeted one at a time. Lehman went into bankruptcy and AIG just survived through government help, though equity holders have been wiped [...]
A failure a week
September 14th, 2008, No Comments
First it was Bear stearns, but the US treasury (similar to our Finance ministry) and the Fed (similar to our RBI) engineered a bailout. Bear stearns, an investment bank was bought out by J P morgan, a commerical bank, in March. This bailout was done to calm the markets and reduce systemic risk. Well, [...]
Analysis : BEL annual results
September 11th, 2008, No Comments
Read my earlier analysis of BEL here Results summary The company had an average year in 2007-2008. The sales growth was around 7% and the profit growth was around the same. The net profit margin improved to around 20%. The company maintained the ROE numbers at the 25%+ levels and continues to be a zero [...]
Replying to a comment, a correction and misc thoughts
September 7th, 2008, 2 Comments
I got the following comment recently If I take u back to 1994, how would u have spotted Infosys. The only way one could spot it could be through the market opportunity, good results and good management.or u may enlighten if there was any other way. So it could have been a kind of recurring [...]
