Investing Doc
Long only, value, growth at reasonable price, long-term horizon

Syntel: Still Undervalued Even After A 15% Rip

As far as investment theses go, that one played out pretty fast. Back in May, I started a position in Syntel (NASDAQ:SYNT), an India-based information technology outsourcing provider. At that point, the stock had just taken a beating, with management having offered tepid guidance for the year. My thesis at that point was that the company offered way too much upside given its earnings history (and surprise history, for that matter) for the stock to be held down for long, and lo and behold, I may have been on to something:

SYNT data by YCharts

That's a nice 15% gain in a quarter if you like. I'd set a fair value estimate for SYNT at around $89 at...

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