I hold since IPO in 2000. It was a mega bagger for me & a still a big multibagger after crash.The dividend itself i get per year is more than the cost i have put.
Things change for companies, yester years hero's goes off & new leaders emerge.
But we need to see is the business collapsing. Are they making obsolote stuff which will replaced by something else. for all this answer is "No".they remain in evergreen industry.Medical equipments can't die.
Such companies & promoters who have created enormous wealth over a period can't be written off so easily.
Market has it's own way of judging business's.
Market suggest something but is never fully right or wrong , else no boom or bust will happen.
Why same people who were ready to pay 100 Rs for many real estate scrips are not ready to pay Rs 10?
Speculative stuff keeps happening in market driven by operators.
Technically scrip has very strong support at 60. This was were it bounced in 2008 crash.
let us see what happen's now.
Originally posted by Multiplier
Good luck to you, Kkasawa.....the problem is that their business model is all messed up .....huge debt funded acquisitions, very high working capital cycle, zero leverage with customers who dictate terms, huge dividend payouts despite being tight on cash, senseless bonus issues to satisfy gullilble investors, problem with rating agencies (change away from CRISIL obviously for the rating they were giving).....
Let us know when you actually buy the stock .... |
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