yeah Cognizant has been a true star. Its not too late though, it wont match its earlier days, but it is still a very fast growing conmpany. What sets it apart, imho, is that its an american company, and it tries to provide some onsight resources that are truly fluent in english, including hiring americans. While that costs him a bit more than a completely offshore shop, the model works better, and makes their clients happier. Frankly, they are far and away better than tata, which NLSN moved to. I think their stock will only continue to rise for the foreseeable future.
I can tell you that its not a strong ocmparison to use Cognizant in any P/E valuation comparison. Cognizant (which i own many shares of and highly recommend but do your own research) is an outsourcing IT company. its no different than TATA or INFOSYS, except that it is growing much more rapidly than either (or Nielsen for that matter).
In the U.S. Nielsen is a monopoly, but in many of the emerging markets world it is not. Try looking at WPPGY, which by the way, owns the leading ratings company in China, CSM Media Research.
WPPGY owns much more than ratings businesses, but its been moving in the direction of ratings/research with strong acquisitions over the last decade.
Ive been investing for years as well as worked at Nielsen. The management team replaced thousands of U.S. workers with the largest offshoring contract ever. Some of it was good business, but they went way too far and actually hurt Nielsen's ability to innovate, as well as improve processes. So now there are many systems that are old and are being held together by offshore teams that are inexperienced, unfamiliar with the technology, and clueless about the business. its a disaster. I kept having to spend sleepness nights repairing their mistakes just to keep the ship afloat. Finally gave up and took another job elsewhere, the working conditions had become horrific under Mitchell Habib.
Nielsen improved the financials, but did so by cutting out its heart. Its literally held together by bandaids now, and the PE guys are going to cash out while Nielsen is going to face competition from much more nimble players in the next few years.
The PE guys ruined the company but have been dog and ponying this house of cards to unsuspecting investors. Save your money, there are better companies out there.
I think this fund has been good, to me at least. And its rebounded nicely, as i expected.
However, all good things must come to an end, too bad more investors do not realize that.
So i am now going to reduce my holdings here once again, i feel we have had a bit of a false rally, and that there are some REALLY ugly things still present in the economy. The unemployment numbers are only going to continue to rise and that is going to hurt EVERYBODY.
Reducing holdings back to 60% cash, if this fund reaches 40, i will pull almost all of my money out. Another down market is coming... The way i see it, before xmas.
I believe a bottom is forming. Thankfully.
Ive just moved to 50% invested in this fund. If the markets dont melt further, i will move higher in one weeks time, i believe that once Obama wins the national election, you will at least see a short term bounce in the markets.
Any change of leadership at this point is good news for investors, faith of the current administration has been completely lost.
now we are finally into the actual correction. i feel bad for those investors who have ridden this all the way down. nothing to do for you but to ride it out.
For those with money on the side, i believe that the time has come to start investing again.
If this fund hits 30 tomorrow, i will consider it a bargain and move to 50% in.
If it makes it down to 25, i will move to 70% in.
God forbig it makes it all the way down to 20, but at that point, i will go all in.
Good luck to all investors! A new president is on his way, and with that, a likely bounce in the markets!!
Things are starting to get to levels where i will invest again. moving 10% of the assets back into stocks, including this fund. Still 70% cash, but plan on adding more to the market as it deflates. I have always found its easier to pick the top, than the bottom, so i personally prefer to handle a dropping market in this manner, so that i can get my assets into stock before they move back up. I hope :)
I think the reason why you get a wide variety of opinions is due to the timeline of the purchase. Those who bought in at tops are feeling it right now.
If you want to be a long term investor, best to just buy in and forget about it. but spread your money around to about 5 funds, not all the same type of fund either.
First and foremost, the markets are crashing, but this fund wisely avoided the financial stocks.
I am concerned that the tech stocks this fund invests in are heavily valued, especially given the economy.
However, ive always found the time to buy is during corrections. Start small, so that if the correction continues, it doesnt wallop you.
At 90% cash at the moment, i think i am going to put 10% of that into this fund, and increase that number by 10% for every 10% the fund decreases.
Then sit back and wait for the U.S. Economy to work its way through the housing bust. Will likely take a few years, but the presidential election should help, either way i might add :)
I know that for most people you are right, but im not feeling too dumb for taking large profits out a few months ago, against the advice of hold hold hold.
Sometimes selling is ok.
In fact, im pretty happy about it. I do like this fund, and wouldnt mind increasing my holdings again, but i see no market fundamentals yet that point to an increasing market in general. Perhaps in a few months i will feel differently, i think whoever gets elected will have a positive effect on the markets in general.
Who's crying? I sold at 68, which gave me a HUGE year.
Now the next question will be when do i get back into the market. Certainly not about to re-enter under the current conditions. I see ugliness in the short term...
well, i took most of my money off the table yesterday. I am now 60% cash and i dont like what i see taking place in the market, although i do believe this fund has some very strong fundamental stocks inside it.
Im in a holding pattern for the markets to drop, or at least become more stable before i put my money back in.
of course, pro's would never advise this type of behavior, so feel free to ignore what i do, im a big believer in following your own gut, but thats just me.
I know it sounds crazy to do so, but honestly, i cant argue with the results, and that is what matters in the end. Your advice is the same i give to others.
However i only moved into this fund recently, and i gained so much money so quickly, and with a belief that the market was going to face a pull back due to the credit crunch i decided that a 20% return in two months time was enough so i pulled my money out.
I then watched the markets melt a bit, and decided to put my money back in. Sure enough, my entire portfolio is up 30% in just a few short months, largely thanks to this fund.
You cant sustain that kind of growth. Especially in this economy. Im not day trading here, and i am adding risk that i wouldnt advice to others, but Ive done well doing this. Even so, i appreciate your advice, and its good to stay grounded about all this.
i have a question for you if i might. I was unaware of a charge of that magnitude, and my 401k didnt appear to reflect that cost. So i looked up the fund on Calamos website and i did indeed find that fee, which is exhorbatant.
My question though, my fidelity 401k doesnt list that fee in the fee area of this fund, is it possible that through fidelity that fee is not applied? I know my 401k didnt take a hit from it, so thats what i must assume.
Any thoughts on this are appreciated.
I really am starting to wonder if i should sell. Ive made well over 20% in this fund in just a few short months. I bought this fund in May, sold mid July right at the top, and bought back in middle of August.
I dont normally move in and out of funds like that, but had a feeling so i went with it. Now im starting to wonder if i shouldnt try it again. I really like the stocks in this fund though, but im aware of the prevailing sentiments about trying to time the market...
Any way you slice it, this has been an outstanding fund! Congrats to my fellow owners!
I live in the fairfield county connecticut area. My only real goal is to get beautiful teeth as quickly as possible without feeling like im being used as a human atm machine...
Thanks for any input.
Thank you for the input people :o)
I really think with my degree of crowding, im gonna have to suck it up and go with braces. And im confident that extractions are necessary.
I realize that because i live in such an affluent place, that pricing will be high here compared to many places. But i really think the dentist quoted me the lower price simply because he knew i was shopping around. When i finally came back to his office with a lets do it attitude, I saw dollar signs in his eyes, and i knew he was about to try and fleece me. I just listened to his ramble about costs going up yadda yadda yadda and told him id think it over and get back to him.
Why are so many doctors and dentists these days out for the money first, and the care second? Just wish i could find one that was happy just making people healthier :o( That would be one i wouldnt mind forking dollars over to...
First, thank you all for the responses.
I just visited my dentist after waiting 18 months from his first quote, before i finally decided to act on this, as my wife was out of work and i was not willing to spend the money on this till she found employment...
So i go back yesterday, he tells me that his original quote of 4800 is no longer feasible. Invisalign raised his rates, and he is now forced to charge me 5800 for the process, and that because i need 4 teeth extracted due to crowding (another thousand bucks), he is confident that braces will be needed at some point. Or i can go with braces from the get go for his 4800 price along with 400 for basically paperwork and the such.
Sounds to me like im being hosed here... Im going to look for someone else to get a competitive quote. Maybe get veneers at this rate.
Has anyone here heard of invisalign raising the rates it charges dentists for this service or was this guy totally bs'ing me as i suspect?