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MIrza International (Red Tape)

Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Value buys - The intrinsic value is close to market price
Forum Discription: Companies that sit on a large amount of cash or investments or land bank plays or having high dividend yield can be categorised under this segment. These companies have lower downside risks
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=4647
Printed Date: 28/Apr/2024 at 9:52am


Topic: MIrza International (Red Tape)
Posted By: $x$=$
Subject: MIrza International (Red Tape)
Date Posted: 22/Dec/2013 at 4:45pm
Mirza International Limited is in the manufacturing and marketing of leather and leather footwear.

Mirza owns famous Red Tape brand and export leather footwear.

The company markets its products across the globe to countries like the UK, Europe, South Africa and the Middle East, to name a few.

I believe the Company is highly undervalued and currently trading at ~5PE. The growth has pretty impressive for last few years.


Any thoughts on the Company?   

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I buy businesses...



Replies:
Posted By: navtej91
Date Posted: 03/Jan/2014 at 1:57am
its a good company with growing sales even on my watch list only thing I don't like about it is it has failed to raise consumer touch like the brand jockey has done.....



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