Archives: 2009 January
NIIT tech: A falling knife ?
January 28th, 2009, No Comments
I received a question : NIIT tech has dropped from 100 to around mid 50s. Is it a falling knife which one should avoid ? I have written a post on the above topic earlier. So the point is how does one avoid a falling knife scenario ? In other words when it is wise [...]
Hoping for a quick rebound ?
January 23rd, 2009, No Comments
Have you been hoping for a quick rebound and a re-start of the bull market? I would not hold my breath on that. No one knows when the market will rebound. Those who claim to know are guessing. If you need a forecast fix on when the rebound will start, let me give you one [...]
Cash – good or bad ?
January 19th, 2009, No Comments
I was recently referred to an article by Prof. Bakshi (read here). Prof bakshi has written about a few companies which seems to be cash bargains (selling less than cash on the books), but are suspect due to their accounting and corporate governance. Readers of this blog would be aware that I have a bias [...]
Stock analysis – Ingersoll Rand
January 13th, 2009, No Comments
About Ingersoll Rand (india) is a subsidiary of Ingersoll rand (US) with a 75% holding of the parent company. The main business (after all the disposals) of the company is air solutions – mainly compressors and other instruments such as air dryers, filters, after-coolers, receivers, water separators, etc. Financials The company has been disposed off three [...]
India’s Enron – Satyam
January 7th, 2009, No Comments
update 9-Jan When it rains, it pours ! for satyam it is pouring bad news. I am reminded of buffett’s comment – There is never a single cockroach in the kitchen. There are no suitors coming up. Who wants to be associated with a tainted brand ! The value of an IT company comes from [...]
Corporate governance – Satyam and other Indian companies
January 1st, 2009, No Comments
I think most of you must be aware of what has been happening with satyam lately. I will not go over the details as you can find it on the net easily. The key events seem to be - Satyam decided to buy out Maytas infra using the surplus cash on it balance sheet. The [...]
