If you are looking for the best ideas for your portfolio you may want to consider some of Long Cast Advisers top stock picks. Long Cast Advisers, an investment management firm, is bullish on Sify Technologies Ltd (NASDAQ:SIFY) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Sify Technologies Ltd (NASDAQ:SIFY) stock. Sify Technologies Ltd (NASDAQ:SIFY) is an information and communications technology company.
In July 2019, Long Cast Advisers had released its Q2 2019 investor letter. The investment firm said that Sify Technologies Ltd (NASDAQ:SIFY) stock was the largest detractor to Q2 2019 returns. Sify Technologies Ltd (NASDAQ:SIFY) stock has posted a return of -18.9% in the trailing one year period, underperforming the S&P 500 Index which returned 12.6% in the same period. This suggests that the investment firm was wrong in its decision. On a year-to-date basis, Sify Technologies Ltd (NASDAQ:SIFY) stock has fallen by 13.0%.
In Q2 2019 investor letter, Long Cast Advisers said the fund posted a return of 1.0% in the second quarter of 2019, underperforming fund’s benchmark the S&P 500 Index which returned 4.3% in the same period. Let’s take a look at comments made by Long Cast Advisers about Sify Technologies Ltd (NASDAQ:SIFY) stock in the Q2 2019 investor letter.
“SIFY is an Indian telco and data communications company that’s part asset lite services, part asset heavy infrastructure. The asset heavy side is mostly fixed telco assets and data centers, which it builds for itself and as a service for customers. They have six fully utilized data centers and four more under construction. It’s growing and profitable and it is our small bet on future Indian Internet penetration. The business is a bit more capital intensive than we normally like, and maybe not as “moat protected” but management is doing many things right and if they could improve collections, that alone would fund substantial CAPEX. It trades by my calculation at ~7x EBITDA.”
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