Indian IT Services: Valuation and Earnings Levels Suggest We Are Nearing the Point-Of-Peak-Optimism
Given the strong share price performance and peak valuation multiple levels, based on arguably elevated earnings, I am turning bearish on the...
205 Views
Tata Consultancy Share Buyback Offer - The Numbers Are Interesting
The TCS buyback offer is interesting in a way that the Wipro buyback is not. There are many more good trades to do around this situation.
375 Views
How Indian Buyback Offers Work - The Wipro Example
Wipro is conducting another buyback - fourth in five years - this time for $1.3bn or 4.16% of shares out. Small arb opportunities (especially for...
569 Views
Remain Overweight EM Relative To EAFE
The MSCI EM index (local currency) remains in an uptrend and is testing all-time highs set in January 2018 near 65,800; as long as the index is...
359 Views
Norwegian Fund’s Stand on Page Industries: Market Can No Longer Ignore Labour Rights Violations
The Council of Ethics of the Government Pension Fund Global (GPFG), the Norwegian sovereign fund, recommended on February 19, 2020 that Page...
409 Views