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Emerging companies - Mid caps that can become large cap
 The Equity Desk Forum :Investment Ideas - Creating winning portfolios! :Emerging companies - Mid caps that can become large cap
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subu76
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Quote subu76 Replybullet Posted: 25/Aug/2013 at 11:25pm
Perhaps eClerx is not in the category of HDFC or Kotak? Atleast that is how it seems to me
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manish_okhade
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Quote manish_okhade Replybullet Posted: 25/Aug/2013 at 12:05pm
Yeah, eClerx need more muscle to come into league of HDFC/KOTAK. If they can do it they PE re-rarting will make me wealthy or else it would be just another IT stock.Reason to hold it as below:

1) My current div yield is >10%
2) They are moving slowly but steadily, i do not confuse it with next INFY, Just look at their ratios
3) Mgmt is not as illuminant as NRN or Premji but they are doing well with relevant acquisitions
4) I think in the end, eClerx could be good candidate for take over


Edited by manish_okhade - 25/Aug/2013 at 12:08pm
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basant
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Quote basant Replybullet Posted: 25/Aug/2013 at 9:22am
Manish, I'm not sure why you always focus on yield asa percentage of historical buying cost. If that were so should we not look at current EPs with the historical buying rpice and say my PE is so and so... such thoughts will actually restrain you from selling a stock when the time to sell actually comes.

I say this because even when I sold Pantaloon in 2008 which wasn't a yield stock the yield on my buying price was around 20% and though my other bets have moved up from there Pantaloon is still down 70% from my selling price and 92% from the top!

Think about it I am really not in the camp that looks at buying price with as much gusto as I would look at the current market price.
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manish_okhade
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Quote manish_okhade Replybullet Posted: 25/Aug/2013 at 10:20am
Originally posted by basant

such thoughts will actually restrain you from selling a stock when the time to sell actually comes.
 
Your observation is correct, i have yet to improve on my selling side decisons. I got few unrealized losses from past sales for the simple reason that i delayed my selling when stock was quoting at higher level and situation clearly says SELL.
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subu76
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Quote subu76 Replybullet Posted: 26/Aug/2013 at 9:43am
Put another way (more for my sake than anyone else) the take home from any 3% yield company would be the same and so purchase price yield is not that useful.

Manish Sir, I agree this company is not Infy in the making as the industry is reasonably mature and competition for contracts/employees is relatively high
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Nichola1374i
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Quote Nichola1374i Replybullet Posted: 06/Jan/2016 at 9:28am
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