Articles Written by:    ASHISH R. THADHANI     

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Satyam: Why We're Terminating Coverage

Investment Conclusion. We are discontinuing coverage of Satyam (SAY) with a Sell rating. On January 7, we downgraded our rating (to Sell) and suspended our estimates/target. SAY no longer meets our coverage parameters. It is our belief that investor ...

From ASHISH R. THADHANI, ETF Investor,  23 Feb 2009

Ctrip's Unappealing Valuation

Excerpted from Gilford Securities analyst Ashish R. Thadhani's recent report to clients on Ctrip.com International (CTRP): Investment Conclusion. At the outset, it is our position that the recent use of Ctrip shareholder funds to endorse a ...

From ASHISH R. THADHANI, Seeking Alpha,  11 Feb 2009

Afterthoughts on Satyam Computer Services

Excerpted from Gilford Securities analyst Ashish R. Thadhani's recent report to clients on Satyam Computer Services (SAY): Red Flags. In hindsight, we can point to the clockwork 35% EPS growth over a five- year period; continuous, under-the-radar sales ...

From ASHISH R. THADHANI, Seeking Alpha,  14 Jan 2009
Related Topics: Satyam Computer Services Limited,  Wipro Limited,  World Bank,  Accenture Ltd.,  IBM

Satyam: Tough Environment, Cheap Stock

Excerpts from Gilford Securities analyst Ashish R. Thadhani's recent note to clients on Satyam (SAY): Investment Conclusion. Based on lengthening decision cycles amidst the ongoing global financial crisis and lower interest income – offset partially by ...

From ASHISH R. THADHANI, Seeking Alpha,  22 Oct 2008
Related Topics: Bombay Stock Exchange

Infosys: Traumatized Environment Affords Rare Buying Opportunity

Excerpts from Gilford Securities analyst Ashish R. Thadhani's recent report to clients on Infosys Technologies (INFY): Investment Conclusion. Based on slower decision-making due to the ongoing global financial crisis and lower interest income – offset ...

From ASHISH R. THADHANI, Seeking Alpha,  14 Oct 2008
Related Topics: Infosys Technologies Limited

India Offshoring Quarterly Snapshot

Excerpts from Gilford Securities analyst Ashish R. Thadhani's recent report to clients on the Indian offshorers: International investors have soured on the Indian market (down 31% in 2008) due to legitimate concerns: slowing growth; uncontrolled ...

From ASHISH R. THADHANI, ETF Investor,  16 Sep 2008
Related Topics: John McCain,  Wipro Limited,  NASDAQ

Ctrip.com: Industry-wide Slowdown Could Linger

Excerpts from Gilford Securities analyst Ashish R. Thadhani's recent note to clients on Monster Worldwide (MNST): Investment Conclusion. Our Hold rating remains in effect on the basis of a fullish valuation (43x forward GAAP EPS) and headwinds in the ...

From ASHISH R. THADHANI, Seeking Alpha,  15 Aug 2008
Related Topics: Monster Worldwide, Inc.

Monster Worldwide: Inexpensive Valuation Overshadowed by Macro Headwinds

Excerpts from Gilford Securities analyst Ashish R. Thadhani's recent note to clients on Monster Worldwide (MNST): Investment Conclusion. Based on a weak hiring environment and lower interest income – cushioned by reduced marketing & promotion spending ...

From ASHISH R. THADHANI, Seeking Alpha,  14 Aug 2008
Related Topics: Monster Worldwide, Inc.,  Symbol Technologies, Inc.,  Motorola, Inc.

Downgrading 51job, Inc. to Sell

Excerpts from Gilford Securities analyst Ashish R. Thadhani's recent note to clients on 51job, Inc. (JOBS): Investment Conclusion. We are downgrading our rating to Sell from Buy. Based on widespread weakness in hiring activity – attributed to a slowing ...

From ASHISH R. THADHANI, Seeking Alpha,  7 Aug 2008

Cognizant: Reducing Estimates, Target Slightly

Excerpts from Gilford Securities analyst Ashish R. Thadhani's recent note to clients on Cognizant Technology Solutions Corp. (CTSH): Investment Conclusion. Based on a more cautious but achievable revenue outlook and slightly lower interest income – ...

From ASHISH R. THADHANI, ETF Investor,  5 Aug 2008

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