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David Rolfe Comments on Cognizant Technology Solutions

October 22, 2013 | About:

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.

Rating: 1.0/5 (1 vote)


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