I had a very in-depth, mind boggling conversation (interesting or otherwise) with a friend yesterday. We were looking at balance sheets and profit and loss statements of two companies, J and K, in hopes of finding sufficient backups to our discussion.
He: K has posted its year end revenues and seems to have done really badly.
Me: Yeah, I read that. These days, J has just cracked the premium market scene. I am ruing over the fact that I did not back J early on.
He: Haan yaar. I put all my earnings behind K, the ones I had painstakingly saved across different channels over many years. And now I do not understand whether it is going to give any returns. They are also exiting some of their non-premium businesses which mean that our options are going to reduce.
Me: And also, product quality has gone down many notches. I am wondering whether it is time for us to cut our losses, pull out and go behind J, a more lucrative and dependable player.
He: I agree, but we should not do anything impulsive. Let’s wait and watch for at least one more quarter and exit slowly.
If you are wondering why I reproduced this mundane, work related conversation here, wait a minute. You are about to say “Get a life!”
For, that was just two consultants talking about whether they should utilize their Kingfisher miles quickly and move to the Jet Privilege card, and also ensure that all credit card points are remitted into Jet going forward.