I am writing this in the month of January, so this is not an April Fool’s joke. 🙂
I am planning to re-launch the StockTalk initiative, and in a new avatar (again!).
If you have been a reader of Safal Niveshak for long, you know that I launched the original StockTalk initiative in November 2011.
My plan was to take requests from readers to research on specific companies and write reports explaining their businesses, without making any recommendations.
However, I stopped writing those reports after covering twelve companies.
My reason – I received emails from a lot of readers asking me –
- I bought that stock after you had recommended it. Now it has fallen! What should I do now?
- Have you revised your target price for the stock?
- Are you still convinced about the stock? Should I buy?
One actually posted this comment on the website and also on an external forum – “Most of the stocks analysed at Safal Niveshak are wrong. For eg. MCX is down almost 40% from Safal Niveshak’s recommended price…Opto Circuit is also well known…Same with Bharti…TCS is up 20% after Safal Niveshak recommended not to buy it. We should be honest and do a course correction.”
Now, I do not usually let critics decide where I want to go and what I want to at Safal Niveshak, the impression I got was that…
- People considered my reports as recommendations despite the fact that I covered those companies on request and not out of my own choice.
- People considered my reports as recommendations despite several disclaimers that my intention was just to look at the business from the eyes of a business analyst and not a financial analyst.
- People started making judgments on the short term performance of the companies I wrote on.
All these factors combined to force me to stop the StockTalk in its original avatar.
Then came StockTalk 2.0 in June 2013, where I asked readers to choose companies of their choice, write their reports on them, and send them to me.
My idea was to let the tribe benefit from the collective work and wisdom of several tribesmen who wanted to write such reports.
This initiative started out fine and I released seven reports over the subsequent four months (six of them not written by me).
Things came to a standstill again as a few readers did not send me their reports as per schedule, and I stopped following them after a few unanswered emails.
However, given that I have been receiving a lot of requests to restart the initiative, I am doing it with StockTalk 3.0. 🙂
Your first question will be – “Won’t this bomb as well?”
My answer – “I don’t know, but then we still have StockTalk 4.0 to look forward to!” 🙂
You second question will be – “So what is different in this new version of StockTalk?”
My answer is – “Management interviews.”
Simply put, here is what I intend to do –
- I will choose a company from within my circle of competence (or you send me a request by email) and then try and fix up a meeting or conference call with its management.
- I will announce to you which company I’m going to talk to so that you can send me in advance your questions that I should ask the management.
- After receiving all questions, I will pick a few and prepare the questionnaire.
- I will ask those questions to the company’s management, and then write a report, which will incorporate my analysis of the business and answers from the management on our questions.
When you send me a request for meeting / talking to a company of your choice, you must mention why you think that company needs attention. Just writing “I want you to meet XYZ company” won’t do, as I need to confirm that you have also done some homework on the business.
One final point worth mentioning here – I will not talk about the stock’s valuations in my report. This will save you from anchoring bias. And anyways, I have written a lot of stuff on the site about how you can calculate valuations…so that task is upon you.
Now, since you are ready, let me announce the name of the first company that I am going to talk to soon.
The company is Info Edge Ltd., India’s leading online classifieds company in recruitment (naukri.com), matrimony (jeevansathi.com), real estate (99acres.com) and education (shiksha.com).
If you have any questions to ask the company’s management, please add in the Comments section below over the next 2-3 days.
Let’s cross our fingers, and get this going! 🙂