| Author |
Message |
basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
|
   Posted: 21/Apr/2007 at 11:19pm |
When an industry’s underlying economics are crumbling, talented management may slow the rate of decline. Eventually, though, eroding fundamentals will overwhelm managerial brilliance. (As a wise friend told me long ago, “If you want to get a reputation as a good businessman, be sure to get into a good business.”)
__________________________________________________________
Thanks for making us remember these golden words. I think what happened in US will happen in India maybe after 5 years but the writing on the wall is clear.
In the short term 1-3 years we may continue to buy Deccan Chronicle or Jagran but with the spread of TV and especially the internet the importance of that morning news is surely declining.
|
|
'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
|
 IP Logged |
|
|
|
 |
|
Ajith
Senior Member
Joined: 06/Aug/2006
Location: India
Online Status: Offline
Posts: 1284
|
Posted: 21/Apr/2007 at 11:55pm |
Mr. Basant ,yes I hadnt considered this a possiblity in India because print is booming right now but now that you mention it I too tend to agree that the best of readers-being targetted by advertisers may move/is moving away to internet,TV : it may take time but its a distinct possiblity considering my personal observations on the trend towards the newer media among all but the old die-hard addicts.Yet we may not face the decline as in the West immediately because of the numbers involved but the trend is as you say clear because people seem to have lesser and lesser time to bother.
|
|
Ajith
|
|
IP Logged |
|
|
|
basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
|
Posted: 21/Apr/2007 at 10:23am |
|
Though I still get 4 newspapers each day the passion with which I read them seems to be declining. That is surely a worry for the industry. We are all buying the papers because we used to buy them before otherwise all the news is avaialble courtesy our 20 odd news channels!!!
|
|
'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
|
|
IP Logged |
|
|
|
xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
|
Posted: 21/Apr/2007 at 11:28am |
|
Basant jee, your observation is quite realistic. Developing countries don't have to fallow history.
|
|
Don't bet on pig after all bull & bear in circle.
|
|
IP Logged |
|
|
|
basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
|
Posted: 21/Apr/2007 at 11:49am |
Actually we are following history but in this we will follow the latest history - internet and Tv and not the previous ones newspapers etc. That is why though comcast is so big in US i think that those people did not get a chance to choose between cable and DTH the latter came after the former was well in position so people did not substitute but given a choice it would be hard to draw a case for skewed subscription for DTH service compared to cable.Cable will exist only because of broadband and value added services not anything else.
Only time will tell!!!
|
|
'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
|
|
IP Logged |
|
|
|
nikhil090
Senior Member
Joined: 06/Nov/2006
Online Status: Offline
Posts: 1344
|
Posted: 30/Apr/2007 at 5:12pm |
Deccan chronicle came out with good numbers for this quarter also.. sales almost same at 147 cr with net profit of 25 cr. This included other income of +20 cr and tax outgo of -57 cr. Broadly in line with last quarter numbers.
more than this quarter results the guidance of 11-12 Rs/sh next year has led to the very sharp rally in the stock. It is up by more than 20% in the last 3 days. also at Rs 11/sh eps, even the current price of 203 discounts its fy08 earnings less than 20 times.. cheapest among all print media companies.. for the next 1-2 years at least, i dont think there is any trouble owning this stock.
|
|
IP Logged |
|
|
|
basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
|
Posted: 30/Apr/2007 at 5:35pm |
|
Adv rates are going up from may 1 in DCHL.
|
|
'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
|
|
IP Logged |
|
|
|
equity analyst
Senior Member
Joined: 18/Jul/2006
Location: India
Online Status: Offline
Posts: 209
|
Posted: 01/May/2007 at 12:01pm |
|
Ht media ad rates r going up by 33% from may 1.
|
|
"Markets are the places where two types of people meet up in the morning: those with experience and those with money. Towards the end of the day, they exchange their assets and go home."
|
|
IP Logged |
|
|
|
Active Topics
Memberlist
Calendar
Search
Help
Register
Login
