Sunder’s List: Monday Morning Quarterback

Roundup: S&P -0.28%, Dow flat, Nasdaq -0.16%, Gold $1,501.40, London -0.49%, Germany -1.61%, France -1.23%

Infosys happened on Friday: Q4 EPS of Rs.23.94B beats by Rs.970M. Revenue of Rs.104.54B (+18% Y/Y) misses by Rs.276M. Sees revenue growing between 6% and 10% vs. 12% expected. The market had a conniption and people who have no clue about how to run a company wither over 1.5 lakh employees with $4B in the bank started writing on what it should do next to “redeem” itself. [stockquote]INFY[/stockquote]

Gold

Gold has taken a beating lately. Do gold-loan companies have enough LTV cushion to ride this one out? What happens if Gold continues to tank? [stockquote]MANAPPURAM[/stockquote] [stockquote]MUTHOOTFIN[/stockquote] [stockquote]TITAN[/stockquote] [stockquote]GITANJALI[/stockquote]

UBS: “Many people are disillusioned with the emerging markets. Many people are coming to the realisation that without a strong developed world, emerging markets will not be able to grow very strong.” Once again getting all confused about GDP growth and equity market performance. (ET)

Good luck!

 

Comments are closed, but trackbacks and pingbacks are open.