Vinayak Maheswaran

Growth, value, deep value, research analyst
Vinayak Maheswaran
Growth, value, deep value, research analyst
Contributor since: 2013
Hi,
It is basically a transition from the g1 (implied by the PRAT model) to the g5 (implied by the Gordon growth model).
You would subtract the g5 value from the g1 value and divide by 4 which is the intervals between them.
(60.44 - 8.04)/4 = 13.1.
Now that you point this out, I've realized that I have made a slight mistake. g2 should be 60.44 - 13.1 = 47.34%, g3 should be 47.34 - 13.1 = 34.24% and so on.
I've done it right on my other dividend discount model article, though: http://bit.ly/10Bi800
Regards,
Vinayak
Hello ZaVodou,
The dividend of EUR 0.85 or USD 1.11 was approved for the recently concluded fiscal year 2012.
For fiscal year 2011, in addition to the regular dividend of €0.75 per share, SAP also paid a special dividend of €0.35 in celebration of SAP AG's 40th anniversary. This comes to USD 1.48 when taking into account the EUR/USD exchange rate at the time.
I hope this answers your question.
Thanks,
Vinayak
I went with the technical analysis and the fact that the stock was trading at 5 times 2013 EV/EBITDA and 8.5 times 2013 P/E.
I have been proved right so far as BP is currently trading at $43.53 a share.
Great stuff! Thanks for sharing all of this here. Our readers will benefit greatly from the wealth of information that you shared and also your insights.
You are right. I have made a mistake. Thanks for pointing this out. The quick ratio is calculated as cash and cash equivalents plus receivables divided by current liabilities.
Although, I stated it wrong, I made the calculations correctly.
They probably will. I expect the old rivals - DELL and HPQ - to get in on this mobile game. The PC will not go away for quite some time, though.
Your right! That was an error during the write up of this article. Thanks for pointing it out.
Check my comment on top which is also the author's pick where I am using a straddle strategy as I expect volatility in the index even though I am bullish on the whole.
I am bullish on the SPY, but I have a smaller sized long position on the SPXU to mitigate risk. I have discussed in the article the volatility the SPY will see in the coming weeks (retail sectors earnings, US macro data, March 1 spending cuts, etc).
A part straddle strategy makes sense, don't you think?
There is actually a quote that he did set it at 90 on CNBC two months ago: http://bit.ly/YkHwHV
There was also a deduction by analysts last month: http://bit.ly/VW2bFZ
I would be happy if you could share where you found this target of 100.
Great stuff clogger! Thanks for sharing here.
I will look to do better dharmi. I appreciate your comment and I hope you check back on my next article and let me know how I did then.
Haha! No problem. Thanks for driving traffic there. I am looking at the YouTube video as a way to show how I've evolved in making videos from the false starts to the limelight (if I make it with YouTube).
Thanks for the wishes! I wish you the same.
I always like constructive criticism and I am happy to hear what you have to say.
I've investigated the stock and I believe it will make money in 2 years. Of course there are the issues with cost management and competition it faces which I mentioned in this piece.
Still, that doesn't takeaway from the fact that most analysts have a "buy" rating on the stock with Bank of America-Merrill Lynch and Goldman Sachs having a price target in the $300 region.
Again, something I mentioned in this piece.
I know exactly what you mean and I agree it is a speculative investment. This was an analysis to demonstrate that high P/E isn't necessarily a bad thing.
We're talking about a great American company here and its stock went up 52.39% since last year.
As an investor, I feel that the internet has a long way to go before reaching maturity and so these types of stocks are perfect for a retirement portfolio or something long-term.
Hey everyone,
I am pretty excited as this is my first contribution on Seeking Alpha. I know it wasn't perfect and there is a lot of room for improvement.
I will make sure to respond to each and every one of your comments on here. Its great to get so much feedback and comments.
I will do better next time!
Regards,
Vinayak
Thanks a lot for the encouragement. I appreciate all the comments here and will respond to all in due course.
The only ones I'd buy would be Yahoo, Priceline and General Motors. Hedge funds may be some of the smartest money out there, but they are known for their legendary flops.