Joined: 24/Oct/2006
Location: India
Online Status: Offline
Posts: 1615
Posted: 23/Nov/2007 at 7:37pm
for past 3 years EPS for ICRA was
9.19
13.95
16.10
and this year i expect them to do an EPS of 23 or more(25 is wat they should do)...
but credit ratings, IPO ratings and framework for ASEL 2 is catching up now....so it will be next 2-3 years which will see sudden spurt in earnings....and ICRA is signing MoUs with a lot of banks....it is doing credit ratings for other financial institutions also....
If you aren't fired with enthusiasm, you will be fired with enthusiasm.
If one goes by the Peter Lynch rules, then he says "Avoid investing in the "next Microsoft, next Google",etc.....So better change the title of this thread
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
I think after the Sub-prime mess in US, investors are not liking the rating agencies anymore.
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
Posted: 30/Nov/2007 at 8:45pm
Originally posted by deveshkayal
I think after the Sub-prime mess in US, investors are not liking the rating agencies anymore.
Argument seems very strong can you elaborate by any detailed study/articles on this.You are correct if rating agencies had been good lending problems would have been restricted.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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