Sunday, December 4, 2011

Next Post

My next post will be on Jan 9, 2012.

-- Ketul

Stock of the month

This month my stock recommendation is International Flavors and Fragrances (NYSE: IFF). I've recommended this stock in July of this year and you can check out the slides from July in this blog's history. It's @ 16% cheaper now and so I like it even more. The rest of the story remains intact and the price decline is just due to the market volatility.

Monday, June 6, 2011

Equifax Analysis

Let's say you owned a business where your customers store their valuables with you and every time they want to access it they pay a fee to you. Plus, they also buy insurance from you for the safety of those very valuables, just in case they were stolen. Isn't that a wonderful business ? Cherry on the cake, customers have to buy this service at birth and continue paying for it by law till death. If they don't like your price they only have two other options which are equally expensive. So, if you like this business, you'll like equifax, it's one of the 3 credit data providers. Equifax is one of the three companies that maintains your credit history and provides a credit score. It's quite cheap on a pe and cash flow basis and it falls in the category of businesses where the management can play golf the whole day and earnings won't change a tiny bit. I have posted slides on this stock in 2009, the story hasn't changed, the drivers are the same and it's still selling at fair to undervalued levels. Here's a link to my slides from 2009:

-- Ketul