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Category Archives: Avoid (neutral, stay away)
Avoid: Renaissance Jewellery
20120414 It’s a M-cap 150cr SEEPZ Mumbai based jewellery house available at an attractive PE of 3.8. I didn’t find anything interesting or controversial on it’s website, news items and annual report, other than the following facts Cons: The company … Continue reading
Posted in Avoid (neutral, stay away)
Tagged avoid, debt, neutral, renaissance, value, warrants
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Avoid: Lanco Infra
20120408 Hyderabad based Lanco (BSE200) doesn’t need much introduction. It has installed capacity of 3GW in 7 thermal, 4 major hydro and rest in wind and solar. Cons: It’s mostly a power company. 80% of its power off-take is tied … Continue reading
Posted in Avoid (neutral, stay away)
Tagged debt, EPC, infra, investing, lanco, power, real-estate, value
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Avoid: Alembic & Alembic Pharma
20120406 If I were to ask a common person what’s common between glycodin and yera glass-ware, I may get a blank face. I will get as much of a blank face if I were to ask who was the commissioner … Continue reading
Posted in Avoid (neutral, stay away)
Tagged alembic, avoid, greenblatt, real-estate, spin-off
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Avoid : S. Kumars Nationwide
20120329 SKumars is India’s leading textile and branded apparel manufacturer; owns brands like Reid & Taylor, Belmonte and Carmichael House. Cons: Twelve subsidiaries (with total assets of 988cr and revenues of 82.5cr) remain unaudited according to auditor’s report from AR … Continue reading
Neutral – Delta Corp
20120319 One of my friends recently suggested I should read-up on Delta-corp. Rise of poker as a weekend activity among professionals promted him to further investigate finanicials. His quick observations were rapid rise of gambling interests among our country’s youth, … Continue reading
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