“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
This exciting news of LYCOS is so suggestive of the positive turnaround that’s expected soon, though the HDFC report analyses the many downs of the market in general. HDFC Securities’ retail research has LYCOS in the top picks for analysis. A glimpse of the report reminds me of Peter Lynch’s quote “You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.” Makes me laugh… for anyone who thinks there’s safety in numbers hasn’t looked at the stock market pages.
That’s exactly the team at LYCOS always remembers. While LYCOS is doing its best to stabilize its stock price fluctuations, a junk of the role is of the market. LYCOS has been always there to offer the best of exciting products to the customers and consumers at large. Being the cool destination of entertainment, networking, search, games, information, and news; the company is always ideating and executing solutions that excite the users, making lives easier for every strata of the online community.
The HDFC report rightly illustrates the challenges local companies are facing as the economy takes longer than expected to recover from a growth slump. Macro factors supporting market currently in the absence of earnings improvement are India’s improved macro position (low CAD, declining GFD/GDP and reasonable inflation), supportive global liquidity and ongoing reforms and expectations of further reforms are supporting the market’s current high valuations in the absence of earnings recovery. High valuations of stocks reflect the market’s confidence in a recovery in revenues and profits in the medium term.
From the bunch, LYCOS to me is a promising one. Investors need patience to see this stock soar high in the days to come. A look at the report may spell more clarity on the markets: http://www.hdfcsec.com/Share-Market-Research/Research-Details/StockReports/3011610