The management is highly ethical. My whole bet is that whenever there is a CEO change things do get shaken up a little and the new CEO wants to prove his/her mettle, especially if working under the guidance of the founder. In this case, theres a change that’s happened and for what’s worth, tail winds do exist and the only variable you need to track in this business is growth – since it’s a sticky, high margin, high EBITDA, recurring cash flows business.
I prefer to take those kind of bets – where there’s very little to lose and all to gain,, even if wait takes a little longer. I had the same thesis on infy when vishal sikka took over and so far it’s been proven right.
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