This caption was conceptualized with a lot of happiness and a little bit of arrogance. The ability of human nature to feel proud and happy on success is natural. Hence the kind of success that TheEquityDesk has generated for all its members through their collective debate and reasoning especially relating to the investment potential of consumer stocks is extraordinarily phenomenal. Most of the consumer names here have been up by four to twenty times over the last 2 years even while the broad market has done almost nothing!
Taleb would call this a random event and if it is that so be it. As someone mentioned that given an option in between being lucky and smart he would rather be lucky then be smart, the same logic applies for all the members of TheEquityDesk who have made a ton of money in the great Indian consumer boom.
In my relentless endeavour to interact with money managers and analysts I have seen no one being bullish on consumption stocks. Most of them have found it expensive and a few of them were courageous enough to admit that they missed it while a small percentage of the others were waiting for a fall to buy it. It is strange that people always want to buy a stock a in a recurring infinite loop 20% cheaper then what it quotes at.
So this story repeated itself with many of the consumption stocks where most of the Ted members made money while the world waited to buy it at a lower scale the believers pyramided with incremental salary cash flow thus creating a portfolio of multibaggers.
Most analysts argue against consumer stocks on the basis of a relatively high PE ratio. Quality growth stocks have to be bought with the thought that if the growth continues for a couple of more quarters the stock would become cheap. They are seldom available at absolute levels of cheapness (whatever that means) and when they are as in March 2009 the others trade at PE ratios of three and five with an yield greater then the PE ratio and many of them generating returns of 20%+ on invested capital. So relatively speaking, quality is always expensive.
The general market consensus is that everyone else has bought consumer names and are hiding in them so it can crash but no one says that he has bought it himself, so it is a case of no one buying this in bulk but still assuming that everyone else has bought it.
Another argument is that if you add the market cap of the top best performing consumer stocks (TTK Prestige, Page Industries, Jubilant Foodworks, Hawkins Cooker Bata etc) the total market cap is less than US$ 5billion. If you add Titan to this list then it moves closer to US$ 10 Billion. This is certainly not the sign of a bubble in an economy where private final consumption could hit US $ 3.4 trillion over the next ten years.
Over the past couple of years as these consumer stocks moved ahead there is a case of not even a single consumer oriented mutual fund being floated. How many did we have before the infra and real estate sectors went bust? I guess around three dozens and a few more.
But, here comes the important but, like all sectoral rallies this one will also collapse and to counter that we have to keep our eyes and ears to the ground both in terms of what the companies are doing as also as how the market participants are thinking. Both are equally important and also amongst the consumer names one has to keep getting out of the relatively expensive ones and buying more of the relatively cheaper ones something that is easy in hindsight and almost impossible in foresight but investing is about making educated guesses and we keep doing that.
However even when this music stops most of us will keep dancing as has happened in every boom over the last four hundred years and so it is important to stop and make sure that we have to dance as long as the music plays rather than assume that the music will keep on playing till we dance!
For the moment though there does not seem to be any signs of the drums stopping though depending on the beats one has to keep evaluating and switching the dance steps.
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images via: Kixsquare
The Nike LeBron 12 Low will comes in a black upper which is then offset by bright hits of?Metallic Silver, Green Strike, Volt and Hot Lava found throughout the entire upper. The sole also comes rockin’ all those said colors, while the?Nike branding stands out by coming dressed in a Metallic Silver colorway.? Slated to drop July 2nd with a retail price of $175, is this Nike LeBron 12 Low “Green Strike” for you?
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 ,Nike Roshe Run Suede;
Look for the Nike KD 8 “Suit” to arrive at select Nike retailers beginning on August 14th for $180.
Nike should change the name of these to the KD 8 “Jokers.”
Author’,Nike Roshe Run Suede Womens;s Take
Inspired by the suit that KD wore during his MVP acceptance speech last year, the Nike KD 8 “Suit” features a Purple upper with Green Strike detailing on the Swoosh, translucent outsole and the KD branding on the tongue. Vivid Purple and Bright Crimson accents finish off this KD 8 that looks like something that “The Joker” from Batman would wear.
The next colorway of the Nike KD 8 releases in less than two weeks,Nike Roshe Run Black.
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Villanova’s basketball squad has been given this Player Exclusive colorway for them to rock at home or on the road. The Nike Kobe 10 pictured above features an off-white upper that dominates most of the shoe. Contrasting navy accents have been placed on the Swoosh, tongue, laces, inner lining and heel. A crispy white midsole with blue speckling unites both colors in perfect harmony.
PE?season is in full effect as we just showed you the Nike Kobe 10 “Duke” PE and the Nike LeBron 12 “,Nike Cortez Nylon Men;Fairfax High School” PE that had us with our jaws on the floor. If you’re a fan of PE’s then here’s another one for you courtesy of the Villanova Wildcats.
This colorway of the Bron 12 is inspired by the unlikeliest of animals,Nike Roshe Run Suede, the hummingbird. You may be asking yourself what can Lebron James and a hummingbird possibly have in common? The comparison is made between a hummingbird’s instinctual course of flight and Lebron’s court vision, explosive speed and leaping ability. Both are quick to strike and precise with their every move. As for the sneaker itself,Nike Roshe Run Yeezy, it sports purple hues on the megafuse upper with Hyper Crimson and Hyper Turquoise accents. Will you be copping these bad boys on November 22 for $200?
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Are you feeling the Kobe 10 “Duke” better or this Villanova edition? Let us know which you choose in the comments below.
via: Villanova Equipment?/ Uniform Swag
The third colorway of the Nike Lebron 12 will officially be hitting select Nike retailers tomorrow. After already being given the “HRT of a Lion” and “Dunk Force”colorways, this weekend we will be treated to the Nike Lebron 12 “Instinct.”
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Air Jordan 6 “Maroon”
Off-White/New Maroon
384664-116
October 2015
$220
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The?Nike?LeBron 12?returns with a sure to be classic that puts a a twist on the?signature BRED colorway for a fresh, new look. Dubbed “Court Vision”, the sneaker is a homage to the superior set of skills that?LeBron James?graces the floor?with and has allowed for such a decorated career thus far.
A look at the sneaker shows a Black patterned upper with laser printed Hyperposite graphics touched up by wood textured overlays. Red accents come in the form of the laces,Nike Cortez Leather Men, inner lining, and swoosh outlining while the Crystal Blue outsole gives a clean athletic finish. The release of the Nike LeBron 12 “Court Vision” ?is slated for February 4th, 2015 for $200.
The shoe is coming done with a White and Maroon make up,Nike Roshe Run Yeezy, featuring a White leather upper with Maroon accents throughout. A clear outsole is present, while ‘Nike Air’ is found on the insole and back heel to give it the OG touch.
This pair is expected to release this fall,Nike Cortez Nylon Men, sometime in October. Stay tuned to KicksOnFire for all official release info.
The Air Jordan 6 has been getting a lot of love this year, and now we see that the shoe might return to its original form this year. The Nike Air Jordan 6 “Maroon”, which hasn’t been seen since 1991, is set to release in the 2015 holiday line up.
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Look for the Nike KD 8 “Suit” to arrive at select Nike retailers beginning on August 14th for $180,Louboutin Sandales.
Download the new KicksOnFire app (iOS) (Android) and stay up to date on all the news and release dates you need to know.
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Nike should change the name of these to the KD 8 “Jokers.”
via: Kix
The next colorway of the Nike KD 8 releases in less than two weeks.
Inspired by the suit that KD wore during his MVP acceptance speech last year, the Nike KD 8 “Suit” features a Purple upper with Green Strike detailing on the Swoosh, translucent outsole and the KD branding on the tongue. Vivid Purple and Bright Crimson accents finish off this KD 8 that looks like something that “The Joker” from Batman would wear.
For Nike’s latest trick,Louboutin Ankle Bottes, they are getting ready to launch a shoe that was inspired by two classic Nike basketball sneakers. The Nike Alpha Force, which was worn by Charley Barkley, and the Nike Air Revolution serve as the inspiration for one of Nike Basketball’s latest silhouettes, the Nike Air Alphalution.
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Author’s Take
The Nike Alphalution will be releasing in the OG Game Royal colorway?from the Air Revolution?that features a white leather upper with blue and black accents all throughout the sneaker. If you look at the original you can see the resemblance right away to where Nike got their inspiration from. Check out the pictures above and be ready for these to drop later this Fall,christian louboutin.
The shoe is coming done with a White and Maroon make up, featuring a White leather upper with Maroon accents throughout. A clear outsole is present, while ‘Nike Air’ is found on the insole and back heel to give it the OG touch.
The Air Jordan 6 has been getting a lot of love this year, and now we see that the shoe might return to its original form this year. The Nike Air Jordan 6 “Maroon”, which hasn’t been seen since 1991,Louboutin Soldes, is set to release in the 2015 holiday line up.
Download the new KicksOnFire app (iOS) (Android) and stay up to date on all the news and release dates you need to know.
The next colorway of the Nike KD 7 is set to release on January 15, 2014. Let’s keep our fingers crossed that Durant is also back from injury by that time because as much as we LOVE to see Russel Westbrook hammer down ferocious dunks we also miss KD dropping those bombs from 30 feet away from the basket.
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Dubbed the “Clearwater” colorway,Louboutin Lady Peep, the official colorway for this Nike KD 7 is Light Blue Lacquer/White-Clearwater-Total Orange. Taking a look at the shoe we can see a couple of different shades of blue take care of the posite and mesh upper while hits of White appear on the Swoosh and heel. The graphics on the posite are done in black as well as the KD logo on the tongue, the midfoot strap and the inner lining. Last but not least Total Orange can be seen inside the air bubble on the midsole. Retailing for $150 at select Nike Basketball retailers,Louboutin Daffodile, will you be going after this Nike KD 7 on January 15?
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This pair is expected to release this fall, sometime in October. Stay tuned to KicksOnFire for all official release info.
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images via: awol
Air Jordan 6 “Maroon”
Off-White/New Maroon
384664-116
October 2015
$220
A photo posted by Jake Roche (@jake_rixton) on Jul 19,Louboutin Sneakers, 2015 at 11:25am PDT
"A year ago today I met her at Manchester Arena, so it was only right,Basket Louboutin, with a little help from my friend [Ed Sheeran],Louboutin Compens��e, that this happened. Best day of my life," Roche captioned the snap of the moment he posted on Instagram. Nelson shared the same photo on the official Little Mix Instagram account with the caption, "I cannot believe what has just happened! The most surreal moment of my life and everyone that I love most was there to share it with us! I feel like the luckiest girl in the world rite now literally cannot stop crying! Future Mrs Roche."
Meanwhile, Sheeran was pleased to be a part of his friend's big moment. He apparently accepted payment for his five hours of travel and free performance in the form of fast food.
Pictured above is Penny Hardaway who was spotted wearing the Nike Air Penny 6?in NYC, his 2nd post-retirement signature sneaker. Taking a look at the sneaker we can tell that it must be an “Orlando Magic” colorway because of the color combination. We also can’t help but see a slight resemblance to the Nike LeBron 12 with what seems to be a megafuse upper and a Swoosh overlayed on top of the posite side panels.
Ed Sheeran might just be the nicest guy ever. He traveled five hours on his day off to help his friend Jake Roche propose to his girlfriend. Roche, who sings in the band Rixton, met Jesy Nelson, who's a member of Little Mix, a year ago at Manchester Arena. When he decided to pop the question, he wanted to return to where it all began. Roche recruited his friend and crooner of romantic ballads, Ed Sheeran, to truly make it the proposal to end all proposals.
SHARE TWEET EMAIL News / Ed Sheeran Proposal Jake Roche Rixton
Stay tuned to Kicks on Fire to find out when Nike decides to release Penny’s latest signature sneaker.
Penny Hardaway decided to show out at?the NBA All Star Weekend not once, but twice. Penny broke out a custom pair of Nike Air Foamposite One’s as well as his newest silhouette that should be on the way soon.
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What a guy. Congrats to the happy couple.
via: @hleung13 / @nbaallstar
A perfect stock knowledge is always required for better investment. Without sufficient trading information, we can't trade efficiently.
The “Sprite” theme harkens back to LBJ’s endorsement, as well as love for the carbonated beverage. The colorway specifically resembles the coloring of the Sprite can it’s sold in. A vivid blue takes charge of the upper with volt controlling the accents. You can expect these kicks to hit shelves on July 12th for $175 at Nike Basketball retailer like VILLA.
As you can see from the detailed photos above the ever-so-popular Nike Kobe 9 Elite Low has been decked out in a red and black Flyknit upper with hits of black on the speckled midsole, lining, and spotted laces. Additional touches of red rest on the heel counter and tongue while a spot of silver occupies the heel detailing.
We still don’t know what the Nike Kobe 10 looks like for sure (though we do have somewhat of an idea) and we can add a little more hype to the releasenow. When the Nike Kobe 9 was unveiled the big surprise was that the “Elite”,Nike Roshe Run Floral; edition featured a premium Flyknit upper. So what will blow us away on the Kobe 10?
This university red and black Nike Kobe 9 Elite Low is set to release on September 13, 2014 for the retail price of $200.
Already having released in the original white and purple colorway,Nike Roshe Run Grey, the Nike Air Max2 CB ’94 will now be releasing another OG version that Sir Charles rocked while playing on the road. This Air Max2 CB ’94 sports a predominantly Black upper with White and Purple accents on the side panels, tongue,Nike Roshe Run Dyn FW Mens, branding, midsole and outsole. Look for this OG Black and Purple colorway of the Nike Air Max2 CB’94 at select Nike retailers on August 8th for $140.
image via: @solebar001
via HB
What do you think of this colorway on the Kobe 9? Let us know in the comments section below.
The Nike Lebron 11 Low “Sprite” drops this weekend to many favorable reviews from the sneaker community. Whether it be the far better model the 11 Lows are compared to the 10 Lows, or the return of the more vivid “Sprite” coloring, these kicks are a huge part of this white hot weekend of sneaker releases.
Pictured above is what seems to be a picture of the Nike Kobe 10 “Poison Green” that has a scheduled release date of February 14, 2015 at the moment. This image courtesy of @solebar001 on Instagram shows the Kobe 10 from an angle that we’ve yet to see, the sneaker has been dissected to see the insides. We can see the piece of the outsole containing an “X” that represents the number 10 in Roman numerals and Kobe’s logo on the insole. Let’s keep our fingers crossed the the Kobe 10 will be revealed very very soon.
The Nike Kobe 9 Elite Low has been laced in a very nice university red and black colorway this summer.
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Posted on:1/15/2016 5:18:01 AMsumitraepic
Nice information shared here and such a great discuss about consumer stocks. This type of useful information motivates to clients for investment.