by ccmrmyng | Aug 29, 2019 | Learning Module 5, Topic 1: Information and Market reaction, news updates
There is a broader message in the YES bank posts, that have appeared many times in the blog. It is symptomatic of how its price has moved up and down in reaction to information that comes out from the company, the regulator, its analysts, To this, you can add today’s... by ccmrmyng | Jul 28, 2019 | Dear old dad, news updates
The YES bank story is still unfolding. I was wrong, there are cockroaches in more places than I had thought. Many more companies to whom YES has lent may default, especially if an economic downturn is impending. Evidence of sizable call writing positions, hundreds of... by ccmrmyng | Apr 30, 2019 | Dear old dad
On a Friday after market close and before the long weekend at the end of April 2019, comes an earnings pre-announcement from YESBANK. This is the “kitchen-sink” announcement that I thought had happened a quarter ago. The new CEO is cleaning house, wants a fresh slate.... by ccmrmyng | Feb 20, 2019 | Dear old dad
Comfortable with recent trading successes, I find myself marveling at the current lofty valuations of TCS, Wipro, Infosys, HCLs. They are well-run, professional companies, cash-rich, but earnings for this sector peaked years ago, their growth rates are in the low... by ccmrmyng | Feb 15, 2019 | Dear old dad
Pleased with YES and looking for something similar, I come across DHFL. Another stock that has taken a serious tumble, from 400 down to 150. The media story is bleak, management keeps putting up a defense, they haven’t defaulted yet. Meanwhile, the ILFS saga is...