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manishdave
Senior Member
Joined: 05/Aug/2006
Location: India
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Posts: 1371
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   Posted: 21/Nov/2010 at 9:23pm |
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Indian investor can form a corporation and buy real estate in US. But then you need to do research and do leg work. Other way is to buy REIT company. Than can be done sitting here. But real bargains are foreclosures. I checked and even rental makes sense at current prices. There are willing buyer, only problem is getting loan is extremely difficult. They went from one extreme to another.
Value of property won't fall in rupee terms. Even if USD cuts into half, property will double. It is hard asset and will appreciate if currency depreciates. Currency declined in Zimbabwe, but prices of hard things kept on going up.
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chimak10
Senior Member
Joined: 30/Aug/2007
Location: India
Online Status: Offline
Posts: 1540
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Posted: 21/Nov/2010 at 8:15am |
MSFT: Available at PE of 11. Some no-descript IT companies are quoting at PE of 11 in India.
[/QUOTE]
Steve ballmer sold something like 1 billion of stock for "TAX PURPOSE" 
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chimak10
Senior Member
Joined: 30/Aug/2007
Location: India
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Posts: 1540
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Posted: 21/Nov/2010 at 8:31am |
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The thing i am interested in is turnaround of some of this
vishal retail, ratnamani metal, nitco, koutons, indage group................is there something worth looking in this companies?????????????????????????????????
Could any of this company come up roaring.
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subu76
Senior Member
Joined: 25/Feb/2008
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Posts: 5709
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Posted: 21/Nov/2010 at 8:44am |
Originally posted by chimak10
MSFT: Available at PE of 11. Some no-descript IT companies are quoting at PE of 11 in India.
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Steve ballmer sold something like 1 billion of stock for "TAX PURPOSE" [/QUOTE]
I think the $220 billion market cap is a big dead weight for MS.
And now Apple is at $281 billion mkt cap.
Edited by subu76 - 21/Nov/2010 at 8:44am
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chimak10
Senior Member
Joined: 30/Aug/2007
Location: India
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Posts: 1540
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Posted: 21/Nov/2010 at 9:28am |
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pepsico EPS seems to be decreasing as per google stock screen...............don't know how authentic it is ..........or is it like moneycontrol with only standalone stuff.
Arrey bhai forget Parag bhai ........apni akkal ladaooo........
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manishdave
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 1371
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Posted: 22/Nov/2010 at 5:23pm |
Originally posted by chimak10
The thing i am interested in is turnaround of some of this
vishal retail, ratnamani metal, nitco, koutons, indage group................is there something worth looking in this companies?????????????????????????????????
Could any of this company come up roaring. |
In turnaround case, Himatsinghka looks interesting....
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KetanAdmirer
Senior Member
Joined: 01/Sep/2007
Location: India
Online Status: Offline
Posts: 242
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Posted: 22/Nov/2010 at 10:52pm |
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Koutons and Indage looks worth a bet...
Note: I don't have any position in these stocks...
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Cheers
Anand
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srisaurabh2000
Senior Member
Joined: 10/Dec/2009
Online Status: Offline
Posts: 397
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Posted: 23/Nov/2010 at 12:33pm |
The court last month had allowed Indage to sell their inventory of around 200+ cr. which was lying idle according to ET. Not sure if there was any progress on sales, will be visible only on their Dec. qtr numbers if they plan to report.
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