Whatever Veritas may say, I love DLF and for the reasons mentioned below. Here’s my ode to the company and its founder Mr. K.P. Singh for whatever good they’ve done for me as a financial analyst and an investor…
My Ode to DLF
KP-KP, where have you been?
“I’ve been working day and night, to make my balance sheet clean.”
KP-KP, so what did Veritas found there?
“It’s ‘mischievous’ of them, I don’t know what wrong they saw here!”
KP-KP, but aren’t your assets really inflated?
“I don’t know why you say so, for I’ve always kept them deflated!”
By the way, I love your company for what it is,
It’s taught me what’s nice and what I must miss.
It’s easy to analyze companies that are good,
But DLF taught me to look under the hood.
DLF taught me the dangers of debt,
I’ve seen people who’ve loved the stock, but have then wept.
It’s taught me never to take the easy route,
For there are companies like yours that live just to loot.
Due to you, I know it’s worth the time to study companies that’re bad,
Companies that leave investors high, dry, and sad.
DLF taught me to be more objective in my research,
For if I miss the reality, I would be left in the lurch.
DLF taught me to focus on ‘risk’ more than anything,
Or my cash and trust will be lost in a blink.
DLF taught me why I must study a bad company to appreciate the good one,
For if I don’t do this, investing won’t be all that fun.
I’m sure Veritas is wrong, it can’t just trash you,
For if you go down under, the likes of you – the bad ones – will only get few.
Sorry Veritas, but you must also love DLF…and RCom and Kingfisher,
Because if these weren’t bad, we wouldn’t have known of you sitting here!
I love you so much DLF, that one thing I must tell,
Your promoters have made all the hay, while investors see the hell!
Dipakkumar says
March 5, 2012 at 9:14 amDear Vishal,
Your Ode to DLF is really commendable. However, all the faults of DLF are laudable and because of this I also love DLF very much.
Regards.
atul goyal says
March 5, 2012 at 1:07 pmsir i m regular reader of ur site and i m a grt fan of u thanx
sir i just to know is it worth investing in the following co for long term such as
dlf , sintex and dishtv
Vishal Khandelwal says
March 6, 2012 at 9:50 amHi Atul, thanks for your feedback. I made my view on DLF clear in the above article itself. 🙂
As for other companies, while I like Sintex as a business (though I won’t be able to comment whether it’s a good stock or not) , I have never researched Dish TV.
RichFellow says
March 5, 2012 at 9:59 pmGreat article Vishal.
Do u track Sintex?, good brand visibility, good business, but beaten down in market crash.
Any fundamental call?
And what about Gail its down 32% in my watch list since i am tracking it.
Vishal Khandelwal says
March 6, 2012 at 9:53 amThanks RichFellow! I like Sintex as a business, and had a positive view on the stock till about 3 years back. Haven’t analyzed it since then, though have read that they are facing some issues due to the debt they’ve built up over the years. I’ve never studied GAIL, but yes, it has always been a good, steady, cash flow story.
RichFellow says
March 6, 2012 at 11:10 amThanks Vishal,
U have given such a short, crisp and sweet reply that i will always be tempted to ask u many more stock specific questions…LOL
Vishal Khandelwal says
March 6, 2012 at 12:02 pmWell, I’m fine with giving snap views on companies I’ve studied in the past. But those views might lead you to nowhere. 🙂