Mike Arnold
Value, growth at reasonable price, long only, tech

Indosat Is The Baby That Was Thrown Out With The Bathwater

Part of my investment research process is to follow the headlines. In particular, the unflattering ones. For investors who haven't noticed, the headlines are indicating (or screaming?) crisis in emerging markets, where asset prices have been crushed in recent months over macroeconomic fears, evoking memories of the 1997-1998 Asian currency crisis. How the times have changed. Just a few years ago, zealous bond investors couldn't get enough Indonesian debt, as seen in a 2010 bond offering by PT Indosat Tbk [(OTCPK:PTINY) (ISAT:JK)] ("Indosat" or "the company"), the subject company of this column, which was 16 times oversubscribed.

Because of the large price correction and diminished investor risk appetite in emerging market equities, discerning and contrarian investors...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details