Thursday, October 26, 2006

new stock buy - sonata software

Entered a new stock - Sonata Software.

Reasons to buy

Market cap - 360crores ~ 85mn USD

strong promoters - Raheja group
strong U.S. presence
strong presence in the indian market
strong partnerships with tier 1 vendors - oracle, msft, mercury
CMM level 5 - prime candidate for a buyer
closely held by few large shareholder groups - promoters, management, ESOP making strategic moves easy.
just acquired a large european IT company - 50.1% making their numbers a part of the parent
good cash flow - quarterly profit of about 10 crores - 2.5mn USD or about 10mn USD a year excluding growth.

I'm up 50% on the rest of my portfolio from the past 6 months (excluding Astra Microwave which has not yet moved).

Lets see how Sonata contributes.

Tuesday, October 10, 2006

'Naukri, twice as big as Monsterindia'

A nice letter by Sanjeev who is the founder of proving quite conclusively that it's twice as big as Monster India. Good one.
Letter to Rediff

If not debt, then equity?

Given that my last post discourages entrepreneurs from raising debt apart from a few specific cases namely:- 1. Very high ROCE low risk bus...