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Why You Should be Excited About Correction in the Small Cap Space... - Views on News from Equitymaster

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  • Jun 1, 2018 - Why You Should be Excited About Correction in the Small Cap Space...

Why You Should be Excited About Correction in the Small Cap Space...
Jun 1, 2018

I hope you had the chance to go through my latest recommendation on PSP Projects Ltd, owned by Mr Prahladbhai Shivrambhai Patel.

When I met Mr Patel, I realised what a world of difference the 'Owner Operator' model can make to the fundamentals of a business.

Mr Patel, a first-generation entrepreneur who is actively involved in the business, has 72.13% stake in the company at the end of March 2018. He has increased it from 71.99% at the end of December 2017, implying enough skin in the game.

But it's not just the numbers that I'm talking about here.

It's an attitude where the person who is assigned a task, takes ownership of it from a long-term perspective, and does not work just as an employee or to justify his salary. Or does not take rash decisions that may award him with short term incentives but could prove detrimental in the long run.

If you think about it, most of the companies, including Infosys, that once used to be a torchbearer of corporate governance, have been a victim of this conflict.

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