https://www.alphainvesco.com/blog/wp-content/uploads/2019/04/financial-shenanigans.jpg 499 336 Akshay Satija https://www.alphainvesco.com/blog/wp-content/uploads/2018/11/logo-2.png Akshay Satija2019-06-12 08:34:372019-06-12 08:36:44Financial Shenanigans : How To Detect Financial Reporting Tricks - Part 5
In the previous set of articles, we have climbed the first two mountains in our quest to conquer financial shenanigans, with one big climb still to come. Until now, we have focused on assessing the performance of companies using two separate metrics: earnings and cash flow. However, our quest is not yet over. In this article we discuss the importance of using other “key metrics” to evaluate a company’s performance and economic health, and we expose tricks that companies could use to cloud the picture and mislead investors.
https://www.alphainvesco.com/blog/wp-content/uploads/2019/04/financial-shenanigans.jpg 499 336 Akshay Satija https://www.alphainvesco.com/blog/wp-content/uploads/2018/11/logo-2.png Akshay Satija2019-05-28 15:02:102019-05-28 16:43:54Financial Shenanigans : How To Detect Financial Reporting Tricks - Part 4
CF Shenanigan No. 1: Shifting Financing Cash Inflows to the Operating Section CF Shenanigan No. 2: Shifting Normal Operating Cash Outflows to the Investing Section CF Shenanigan No. 3: Inflating Operating Cash Flow Using Acquisitions or Disposals CF Shenanigan No. 4: Boosting Operating Cash Flow Using Unsustainable Activities
https://www.alphainvesco.com/blog/wp-content/uploads/2019/05/Chetan-Phalke.jpg 369 359 Chetan Phalke https://www.alphainvesco.com/blog/wp-content/uploads/2018/11/logo-2.png Chetan Phalke2019-05-03 11:20:202019-06-14 13:41:16Viewpoint|Three Themes To Bet On As India Moves Towards $4-Trillion Economy
India is moving towards becoming a 4 trillion-dollar economy over the next 5 years. There are 3 broad themes where in equity investors are positioned to do well if invested with a reasonable time horizon. Indian economy stands at a very interesting juncture at this point of time. The economy is just coming out of excess capacities that were created during early part of the decade.
https://www.alphainvesco.com/blog/wp-content/uploads/2019/04/View-Point-Inevitable-Recovery-In-the-Old-Economy-Sectors.png 338 615 Chetan Phalke https://www.alphainvesco.com/blog/wp-content/uploads/2018/11/logo-2.png Chetan Phalke2019-04-26 15:55:442019-04-26 16:23:15Viewpoint | The Inevitable Recovery In The Old Economy Sectors
A mere continuation of existing policy framework will unleash animal spirits in the economy over the next 18 to 24 months. Investors should keep this in mind while positioning their portfolios Nobody really knows if PM Modi will win 2019 elections with absolute majority till the last vote is counted. However, given the fragmented opposition across states and lack of credible alternative have led to a situation where odds are in favour of NDA forming the government again.
https://www.alphainvesco.com/blog/wp-content/uploads/2019/04/financial-shenanigans.jpg 499 336 Akshay Satija https://www.alphainvesco.com/blog/wp-content/uploads/2018/11/logo-2.png Akshay Satija2019-04-10 16:34:282019-04-12 11:01:10Financial Shenanigans : How To Detect Financial Reporting Tricks - Part 1
Enron’s revenue went up more than 10 times in just 5 years from $9bn to $100bn whereas, its net profit was hardly doubled (in 2000 vs. 1995). Clearly something was wrong as it took Walmart - 10 years to go from a revenue of $10bn to $100bn, 31 years to General Motors, 27 years for Ford and 17 Years for ExxonMobil but Enron did it in just 5 years. It was the largest corporate bankruptcy in U.S. history (until WorldCom declared bankruptcy seven years later followed by Lehman Brothers in 2008).
https://www.alphainvesco.com/blog/wp-content/uploads/2018/12/Sweden-Banking-Crisis.png 613 1080 Keval Shah https://www.alphainvesco.com/blog/wp-content/uploads/2018/11/logo-2.png Keval Shah2018-12-12 19:04:282018-12-13 17:31:36Can Indian Banking Sector Rebound Like The Swedish of 1990's
In the mid-1980s, Sweden’s financial system underwent major deregulation, which made Sweden financially integrated with world financial markets. This deregulation was the main impulse behind a strong boom-bust cycle for Sweden.
https://www.alphainvesco.com/blog/wp-content/uploads/2018/12/Indian-Pharmaceutical-Industry-The-TIde-is-Turning.jpg 175 288 Shuchi Nahar https://www.alphainvesco.com/blog/wp-content/uploads/2018/11/logo-2.png Shuchi Nahar2018-12-06 15:36:492018-12-06 17:17:40Indian Pharmaceutical Industry - Is The Tide Turning ?
After a bruising two years, the Indian pharmaceuticals industry appears to be set for a sharp turnaround in fiscal 2019. The projected good run is premised on a decline in regulatory alerts for larger companies as well as a bigger pipeline of high-value drugs compared with last two years.
https://www.alphainvesco.com/blog/wp-content/uploads/2018/11/16832160_1362975103764079_48908613532811907_n.jpg 600 600 Alpha Invesco https://www.alphainvesco.com/blog/wp-content/uploads/2018/11/logo-2.png Alpha Invesco2014-04-01 15:06:112018-12-26 18:05:27Performance - Winners, Mistakes & Stock Selections That Went Wrong
Winners - StockEntryEntry PriceExitExit PriceReturnKRBL ltdSept-1030May-185251650…