Joined: 01/Mar/2007
Location: United States
Online Status: Offline
Posts: 903
Posted: 15/Aug/2007 at 8:20am
I had researched ICSA some time back and my biggest concern was, it's growth for the last few quarters was entirely due to ONE single order of 630 cr in Sudan.
I recognized the same risk- and related to the same if the growth (in new customer acquisitions, revenue, earnings and margins) sustainable?
Reminds me of what WB had to say on the subject 'The investor of today does not profit from yesterday's growth.'
In this case it may well be that the company is poised to benefit from the demand but we need to collect more data on the management and business model to build strong conviction.
"Investing is simple, but not easy." - Warren Buffet
Reliance Energy arm Sonata Investments has stake in ICSA since May 2005.
"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
Basantji, would be great to hear your views on this company.
The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
Anyone interested in ICSA has the skill and capacity to contact management? Pls let us know...There seems to be lot of interest in this company because model and growth looks very very interesting
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
Posted: 17/Aug/2007 at 2:03pm
Rinkuji that should not be a problem ifn you want to contact them just send them an email and see if they do not respond try calling them up later.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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