And so why should I talk about Bullish market when we pass Life in the time of Bears.
I am referring to the Indian IT Service companies. Almost all of them - TCS, Wipro, Infosys, Satyam, CTS, HCL and even smaller players like MindTree, Patni are all sitting on excess reserves of cash. A quick glance would tell you that the range is between $250m - $2b!! This is the time to strategize, target and buy over troubled companies in Europe or US so that the toplines can be impacted positively as the meltdown melts down.
Almost all companies are now gung-ho for M&As. However the aggressive purchases could well determine who will be in the forefront for next 5 to 7 years. This is an opportunity in a platter.
I have been against the Indian IT Service companies sitting on cash pile, neither utilizing it on investments nor returning it to shareholders. But now these companies are offered with a golden opportunity to make hay with this cash pile. And those companies which keep sitting on the pile without realising value for it, might as well be clear that they would be left behind.
Buy, buy, buy!! It is bullish market to buy IT Service companies in EU/US!
I am referring to the Indian IT Service companies. Almost all of them - TCS, Wipro, Infosys, Satyam, CTS, HCL and even smaller players like MindTree, Patni are all sitting on excess reserves of cash. A quick glance would tell you that the range is between $250m - $2b!! This is the time to strategize, target and buy over troubled companies in Europe or US so that the toplines can be impacted positively as the meltdown melts down.
Almost all companies are now gung-ho for M&As. However the aggressive purchases could well determine who will be in the forefront for next 5 to 7 years. This is an opportunity in a platter.
I have been against the Indian IT Service companies sitting on cash pile, neither utilizing it on investments nor returning it to shareholders. But now these companies are offered with a golden opportunity to make hay with this cash pile. And those companies which keep sitting on the pile without realising value for it, might as well be clear that they would be left behind.
Buy, buy, buy!! It is bullish market to buy IT Service companies in EU/US!
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