Categories
Links

Linkfest: 23 May, 2018

Some stuff I am reading today morning:

Tata Steel is at an exciting inflexion point (ET)

Brokers oppose trading hours extension (MC)

Gas Stocks: Fuel for the future (OB)

Are the good times over for balanced funds? (FE)

Exit at the top, Enter at the bottom strategy (80-20 Investor)

The great moat debate (Intrinsic Investing)

Borrow…if you dare (Of Dollars & Data)

The Silicon Valley tech bubble may burst (CNBC)

$100 Oil is one explosion away (DR)

Congress party is facing a financial crisis (Quint)

Categories
Excerpts

Subhash Chandra: Never fight with the Ambanis

I was angry with myself for having taken up a fight with the Ambanis. I probably shouldn’t have.

The channel had done an elaborate coverage of how their oil by-products were adulterated. That decision hurt me a lot, which I realised later.

After the dotcom bust, while all stocks took a dive, ours fell disproportionately.  In a normal crash, the price of Zee would have come down from its1,500 peak to about500 or600. But it was down to double digits.

I was devastated.

I still remember the meeting with one of the investors in New York. I broke down. I couldn’t believe that I did so in front of an investor. That was perhaps the lowest point of my life. 

–said Subhash Chandra, Chairman Essel Group & Zee

Categories
SME

Sorich Foils: Not so rich

Amusing to see that companies borrowing trivial amounts at usurious rates are coming for an IPO

Source: DRHP Filings of Sorich Foils Ltd

Categories
Excerpts PMS

Unifi: It’s a Risky World

Source: April 2018 Letter to Investors

Categories
Links

Linkfest: 22 May, 2018

Some stuff I am reading today morning:

What’s roiling the rupee? (Hindu)

Many dining companies shut shop (ET)

End of the road for Patanjali? (Mint)

Interview with Vetri Subrmaniam (Morningstar)

Interview with Shankar Sharma (Rediff)

Tyre stocks skid (BL)

Company Profile: Avanti Feeds (OB)

Fortis Directors deserve a discharge slip (Quint)

Mental accounting & spinoffs (See It Market)

Fat tails & thin ice (Jason Zweig)