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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
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   Posted: 21/Jan/2010 at 12:05pm |
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Looks pretty good actually. The only concern is that 'gelatin' is a commodity whose prices can affect the company's performance.
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somu0915
Senior Member
Joined: 25/Nov/2008
Location: India
Online Status: Offline
Posts: 703
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Posted: 21/Jan/2010 at 12:31pm |
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It does not matter how many stocks you hold.
What matters is that you buy stocks within your area of competence and at the right price and hold them for a considerable period of time.
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master
Senior Member
Joined: 06/May/2008
Online Status: Offline
Posts: 831
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Posted: 21/Jan/2010 at 11:11pm |
Smartcat, how is Supreme Industries looking, that is, if you've tracked it lately among your army of stocks?
Business & fundamentals both are ok, real estate story has unfolded, and so has the price.
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Someone’s sitting in shade today because someone planted a tree long time ago.
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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
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Posted: 21/Jan/2010 at 11:41pm |
Am suprised Supreme never got as much attention as Sintex in the past. Meanwhile, they have quietly closed FY09 (June ending) with a hefty Rs. 1600cr topline and Rs. 100 cr bottomline, without drawing attention to itself . I think real estate proceeds will be used to reduce debt - not sure.
We have a thread on Supreme Industries here |
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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
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Posted: 03/Feb/2010 at 10:37am |
Pulled out two weeds (IOB & Karnataka bank) and planted a flower bearing plant (Titan).
Titan looked expensive at Rs. 700 in Mar'09 at trailing 20 P/E, but now looks quite cheap at Rs. 1750 at FY10 P/E of 20.
Makes any sense?
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prabhakarkudva
Senior Member
Joined: 16/Jan/2008
Location: India
Online Status: Offline
Posts: 1624
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Posted: 03/Feb/2010 at 10:42am |
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You mean FY10 PE of 30?
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Take your chances and keep them in a box until a quieter time.
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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
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Posted: 03/Feb/2010 at 10:57am |
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Between 20 and 25 - depends on how Q4 goes.
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rapidriser
Senior Member
Joined: 18/Nov/2007
Location: India
Online Status: Offline
Posts: 966
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Posted: 03/Feb/2010 at 11:24am |
Originally posted by smartcat
Pulled out two weeds (IOB & Karnataka bank) and planted a flower bearing plant (Titan).
Titan looked expensive at Rs. 700 in Mar'09 at trailing 20 P/E, but now looks quite cheap at Rs. 1750 at FY10 P/E of 20.
Makes any sense? |
With heavyweights like RJ and BM supporting it, this stock looks destined to remain expensive. 
I reiterate my view that this is a good company but at the moment it is a "Hold" not a "Buy".
Watch this space for further developments. 
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When all else is lost, the future still remains. - Christian Nestell Bovée
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