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David Rolfe Comments on Cognizant Technology Solutions
Posted by: guruhl (IP Logged)
Date: October 22, 2013 11:25AM
Cognizant Technology Solutions (CTSH)
Cognizant was our biggest contributor for the quarter. Portfolios had Cognizant as a top weighting, as we aggressively added in the 2 nd quarter, when we believed concerns about punitive legislation contained in proposed immigration reform were more than discounted in the stock. This quarter, the stock recovered nearly a third, as the market decided that said punitive legislation was less probable than originally believed. As a result of this relatively large incline in valuation, we trimmed positions, though Cognizant remains a top holding.
From David Rolfe's Wedgewood Partners third quarter 2013 commentary.
Guru Discussed: David Rolfe: Current Portfolio, Stock Picks
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