Archives: 2009 June
Result review – NIIT tech and Cheviot company
June 30th, 2009, No Comments
NIIT Tech I have written on NIIT earlier (see here). NIIT recently announced the Q4 09 results and published the transcript of their investor call. Some thoughts on the call - Topline grew by 10% (excluding hedging losses), and operating margins increased to 22.3% from 19% (excluding hedging losses) for the quarter. - The topline [...]
Some interesting questions
June 24th, 2009, No Comments
I received an email from Thirunarayanan with some interesting questions and have decided to publish my answers to his email. 1. You said that your goal is to beat the stock market by 5-8%. How did you arrive at this lower and higher end ? And why is that important ? The market on an [...]
Analysis – Patni computers – II
June 21st, 2009, 6 Comments
I initiated the analysis of Patni computers in my last post. The rest of the analysis follows Competitive analysis The IT services industry is a very competitive industry driven by scale, customer relationships and management quality. I think there is a low level of differentiation in the industry (contrary to what each company claims in [...]
Analysis – Patni computers
June 15th, 2009, 12 Comments
I will be publishing the analysis in multiple parts. About Patni is an IT services company similar to Infosys, WIPRO and other companies in the same industry. The company derieves a major portion of its revenue from the US. The main industry segments in which the company operates are Financial services, insurance, manufacturing and media. [...]
Should I sell?
June 9th, 2009, No Comments
I have been receiving this question and its variants via comments and emails for the last few days. Let me try to answer this question from my point of view. My response may not be typical of what is usually recommended and may not suit your specific case. I am wary of a simplistic approach [...]
Portfolio cleanup
June 3rd, 2009, No Comments
I mentioned in my previous post, that I plan to use the current market rally to clean up my portfolio of some clunkers. In this post, i will also analyse why I plan to exit these stocks and what I have learnt from them (something good should come out of it ) VST industries I [...]
