Govt of Pakistan defaults on its Sovereign Debt 1st time in its history

[Keepinformed]

Ya Allah! Do NOT tell me you are using the accounting of the 90s when everyone went for revenue, nevermind the COST. Key to a quality business is MARGINS on the LEAST amount of leverage.

Sure KESC has high revenues, Lekin look its Net Income for 2011 = $103Million. The bright side is their Loss margins have down from 24% to 7%! Lekin the fact remains, KESC is still running at a loss. Liabilities are building up and the cost to service that debt is starting to eat up equity. I hope you arent owning it.

Have never invested in Pakistani markets...

Loss reduction over quarters plays a part in speculation.

I would not invest in KESC for "other" reasons. Its too politicized. Nearly ALL public traded corporations in Karachi are compressed by MQM and raped quarterly through forced hirings.

The advantage to the power companies are the rising costs to produce electricity and their ability to squeeze out profits from it.

The b*tch is too stubborn and demanding for my hold.

And now ladies and gentlemen time for time out!

As for me I am leaving for the road trip....

 

[AsifAmeer]

where u headin?

Have never invested in Pakistani markets...

Loss reduction over quarters plays a part in speculation.

I would not invest in KESC for "other" reasons. Its too politicized. Nearly ALL public traded corporations in Karachi are compressed by MQM and raped quarterly through forced hirings.

The advantage to the power companies are the rising costs to produce electricity and their ability to squeeze out profits from it.

The b*tch is too stubborn and demanding for my hold.

And now ladies and gentlemen time for time out!

As for me I am leaving for the road trip....

 

[Keepinformed]

where u headin?

Taking a trip to Imaginationland....

On to the dream mobile!! (bed)

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