After this fall in the topline and bottomline,
The next is going to be liquid assets vapourizing (bank and cash balances)
I have seen how Teledata Informatics killed the minority holders and delisted itself. I am sure no one made a complaint. They were once the 3rd biggest IT company by sales in India. Everyone remembers satyam no one remembers them
That was a big learnign early on in my investment life.
Aside: I was fortunate to have read Amit Mantri’s blog. I know people hate him for this but I invested in 2point2 after reading the blogs. I call them often and whatsapp them to ask the rationale of their investments. The last 3 months have been tough and even my 2.2 portfolio is in the red. But the kind of due diligence they do gives me a lot of comfort. specially knowing the promoters and also the ground realities, which I cannot find out given my full time work.
I had to go for a PMS because (as someone was discussing on this forum) from outside, vakrangee would meet every single criterion for investment (for people who look only at the numbers on the surface)
To me Vakrangee is another example of the adage that dont invest in “chor companies”. Ever.
I did this same hope investment in Teledata (10 yrs back) where I took it as a lottery. I learned that in a casino, “only the house wins”. I lost 1 lac back then. Have avoided all these fallen 80% so nothing worse can happen plays totally.