Hi Guys,

I noticed this stock at 120 Rs, could not buy enough of it. It reminds me of Hawkins Cooker in 2002. Bought some at 125 and today some today at 152.90, thats 52 week high price.

A Lynch flower in the desert, while others are busy fighting over AC market. There are three other organised players in coolers Bajaj, Kenstar and Usha Lexus.

I look at it as Apple computers that designs aesthetic heaters and coolers.

Good
-----
- Brand Equity (as I have not seen TV ads for a decade but still remember from a decade old impression, I dont have TV at home)
- Atleast couple IIMA VPs or President in past and present
- Company lost its way in distribution and lost money, now set up its own distribution network
- Probably an Ethical company - does not reveal info loosely by phone (this you have to tell me more with your sensors)
- Promoters increased stake to 75
- Expanding overseas in over 30 countries, acquired this
http://www.impcollc.com/

Negative
---------
- Low dividend
- Illiquid
- Has run up 6 fold in last 12 months
- Has court case pending against Champion Cooler of US
http://www.rfcexpress.com/lawsuit.asp?id=49261

Cheers

Amit




Edited by amitdip - 01/Dec/2009 at 11:11am

Looks like a good company.

EPS for June 09 ending full year is around 40.

Interest cost for the year has increased from 7 lacs to 9 crores.

Symphony as a brand is well recognised.

Hitesh, Can you please clarify how is it 9 crores or is that a typo

Cheers

Originally posted by hit2710 Looks like a good company. EPS for June 09 ending full year is around 40. Interest cost for the year has increased from 7 lacs to 9 crores. Symphony as a brand is well recognised.

Originally posted by amitdip Hitesh, Can you please clarify how is it 9 crores or is that a typo Cheers

Sorry, Its 91 lacs from 7 lacs. Most of results in bseindia are in millions, but I verified and this one is in lacs.

Blew it.
Regards,
Hitesh.