Monday, July 23, 2007

Costly stock still a bargain: analysts

Mint 24 July 2007, pages 1 and 3

This is an interesting report/item by Nesil Staney nesil.s@livemint.com.

More than 30 stocks have a PEG multiple of well below one, whihc means that they are not still overvalued.

Analysts/portfolio managers quoted in the article.

Sameer Narayanan, Head Portfolio Management Services of ABN Amro Asset Management (India) Ltd.

Ketan Iarani, Vice President of research, Kotak Securities Ltd.

shortcomings of the report/item

1. The list of undervalued companies should have been given.
2. The period for which the growth is determined to compare with the P/e ratio needs to be explicitly specified.

I shall write to Mr. Nesil about it.