The negative thing about this company was that it was carrying forward some derivatives losses in its hedges (probably for aluminium) which was around 133 crores in May09. Dont know if that issue had been addressed till date.

Management had bought the stock by truckloads when markets went down and now they seem to be sitting pretty. One thing I have observed is that whenever promoters are consistently buying shares from market, usually they know something which the market/investors like us dont know and so if the big picture looks good, we can load up on the stock.

Subu was tracking this company closely, so subu, any inputs?

trailing P/e of 103!!!!

Its not a WB stock for the following reasons
1) You've already mentioned its similar to Savita Chemicals, so unless this is better than savita and has a stronger competitive advantage, there is nothing spl about this. While Coke and Pepsi might be in the same industry, people first prefer Coke and then pepsi because of the taste. Hence WB bought Coke and not pepsi as everything else can be replicated.
2) WB invests such that irrespective of what happens, the stock would continue to hold its value well into the future, while returning over his threshold 20% returns. Can this do it for the next 10 years irrespective of where oil prices go?? I don't think so.
3) Deep franchise. Does it have it? They might be in a good industry, but does it have a deep franchise say for example like Moody's or Crisil? Their services would always be needed, at the price as recommended by Moody's or Crisil so they can always be profitable.

Profits in FY09 affected due to MTMs and high fluctuations.