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sun_1313
Groupie
Joined: 17/Aug/2006
Online Status: Offline
Posts: 54
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   Posted: 05/Oct/2006 at 12:28pm |
yes senior members,
shall we buy tomorrow?
Edited by sun_1313 - 05/Oct/2006 at 12:33pm
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 05/Oct/2006 at 12:47pm |
I have met three kinds of people:
1. BUY ON BUZZ/RUMOUR, SELL ON NEWS
2. BUY ON NEWS, SELL ON EVENT
3. BUY WHEN WISE GUYS ARE SELLING, HOLD IN LONG-TERM PORTFOLIO
Edited by kulman - 05/Oct/2006 at 12:49pm
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Life can only be understood backwards—but it must be lived forwards
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manishdave
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 1371
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Posted: 05/Oct/2006 at 6:25am |
Sun/Ajit,
That news is few years old. Govt is sitting on that land and not making decision. Buy VSNL if you like business(which I do). Dont count on real estate, but if/when it comes it is icing on the cake. But I am bullish on VSNL for different reason. IMO bandwidth business is turning around.
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investor
Senior Member
Joined: 06/Sep/2006
Online Status: Offline
Posts: 1745
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Posted: 05/Oct/2006 at 11:48am |
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There was a news story on CNBC yesterday about the VSNL land selloff,
and that the Tatas have initiated the process and that the whole
thing could be over in 5-6 months. So shareholder could get their share
soon.
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 06/Oct/2006 at 2:01pm |
Manish jee mentioned above about Donald Trump & his real estate investments. This is what Buffet had to say during lecture to Notre Dame University students:
Where did Donald Trump go wrong? The big problem with Donald Trump was he never went right. He basically overpaid for properties, but he got people to lend him the money. He was terrific at borrowing money. If you look at his assets, and what he paid for them, and what he borrowed to get them, there was never any real equity there. He owes, perhaps, $3.5 billion now, and, if you had to pick a figure as to the value of the assets, it might be more like $2.5 billion. He’s a billion in the hole, which is a lot better than being $100 in the hole because if you’re $100 in the hole, they come and take the TV set. If you’re a billion in the hole, they say “hang in there Donald.”
It’s interesting why smart people go astray. That’s one of the most interesting things in business. I’ve seen all sorts of people with terrific IQs that end up flopping in Wall Street or business because they beat themselves. They have 500 horsepower engines, and get 50 horsepower out of them. Or, worse than that, they have their foot on the brake and the accelerator at the same time. They really manage to screw themselves up.
The two biggest weak links in my experience: I’ve seen more people fail because of liquor and leverage – leverage being borrowed money. Donald Trump failed because of leverage. He simply got infatuated with how much money he could borrow, and he did not give enough thought to how much money he could pay back.
Edited by kulman - 06/Oct/2006 at 2:04pm
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Life can only be understood backwards—but it must be lived forwards
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manishdave
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 1371
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Posted: 10/Oct/2006 at 10:58am |
Kulman,
Very interesting. When WB says something, it is soaked with wisdom!
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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Posted: 09/Nov/2006 at 10:28pm |
Just wanted to have a dedicated real-estate topic. Though I was not particularly interested in realty stocks, we should analyze real estate stocks in detail before deciding on whether valuations are stretched or not.
A recent IPO Parsvnath caught my attention. It is by the way seen as a better player in real-estate than Unitech. The shares that Parsvnath are making public have the following details as per a brokerage:
1)The issue is priced at 38x the upper band of diluted FY’07 annualized EPS of Rs 8.
2) Sales to market cap ratio of Unitech is maybe 30 times and Parsvnath Developers is being marketed at less than 5 times. So if one looks at it from this angle then this particular company should be revalued.
Real estate should be valued on land bank and not PE usually. Parsvanth has a huge land bank in this context. Indian real estate is currently running on many themes - hospitality(Hotels etc.), IT/ITES(SEZs etc.), Housing(demand far outsrips supply) needs.
Comments are welcome on this topic as that is my primary objective in initiating this topic.
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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reetesh
Senior Member
Joined: 01/Sep/2006
Location: India
Online Status: Offline
Posts: 793
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Posted: 09/Nov/2006 at 12:19pm |
My broher-in-law has a flat in Bangalore, he wants to sell this flat and he is in US, so I am looking for a buyer for last 3 months, there is hardly any Inquiry. Flat is in "SOBHA IRIS" on of the best buliders in Bangalore (they are coming out with there IPO also). I want to know where is demand? Guys this is Bangalore not Kolkata... By the way anyone Interested in this forum to buy this flat, contach me. 
Safer way to play with some what lesser gain will be Real Estate support industries in which companies like Green Ply, Orient Ceramics, Nitco, Kajaria, I personally would avoid cement..
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When going gets tough, that’s when tough (people) gets going.
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