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Identifying Multibaggers
 The Equity Desk Forum :Market Strategies :Identifying Multibaggers
Message Icon Topic: Blue Star replaces Network 18 in TheEquuityDesk XI Post Reply Post New Topic
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basant
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Quote basant Replybullet Topic: Blue Star replaces Network 18 in TheEquuityDesk XI
    Posted: 15/Jan/2008 at 9:09pm
 Blue Star has been one of the coolest picks at TED. A quasi Infrastructure, real estate play this 40% grower has been added to our team replacing Network18. The basic reason for replacing Blue Star with Network18  in The Equity Desk XI  is because  mandatory CAS seems nowhere in place, the Home shopping business at Network 18 has been unable to to much ice with their much talked about Home shopping channel put on the back burner because of lukewarm public demand - at least that is what I am told.
 
Blue Star combines perfectly with TED's mandate of a 40% grower and though it is amanufacturing company a substantial part of its revenues are derived from services (Annual maintenence contracts).
 
One would think that Blue Star is a seasonal business but commercial ACs have no seasonality. If a Mall is completed in December then Air conditioners need to be installed in December itself and cannot be postponed till the summer season as is the case with Home ACs.
 


Edited by basant - 19/Jan/2008 at 9:54am
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prashantmohta
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Quote prashantmohta Replybullet Posted: 15/Jan/2008 at 9:15pm
i would like to know any global players same here with market cap.thanks if u reply.
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basant
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Quote basant Replybullet Posted: 15/Jan/2008 at 9:17pm
That is for you to find out and for me to know and for me to find out and for you to know!
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Quote prashantmohta Replybullet Posted: 15/Jan/2008 at 9:18pm
thanks.
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ganeshbhandary
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Quote ganeshbhandary Replybullet Posted: 15/Jan/2008 at 9:22pm
surprise surprise what a timing yesterday i've sold my nw18 holdings exactly for the same reason as basantji mentioned.i hope i've made a right decision,internet/tele shopping have been tried by many but i dont feel it had its share of success.Resulting shares i've utilised to buy asian electronics and core projects which seems to be in a corrective mode.
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Quote basant Replybullet Posted: 15/Jan/2008 at 9:26pm
Originally posted by prashantmohta

thanks.
 
Thanks is no answer. My options are Carrier Aircon in US and Hitachi (a diversified company in Japan). What are your options since you were trying to pull a fast one on me?
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Quote smartcat Replybullet Posted: 15/Jan/2008 at 9:32pm

TheEquityDesk XI now gets the much needed diversification. Blue Star is a good proxy on rising home incomes (home ACs), commericial real estate (malls & offices), retail, infrastructure (airports etc) and logistics (cold storage).

There might be upside surprises because the company seems to be steadily increasing its net profit margins every quarter.
 
Among global peers, Trane and Carrier comes to my mind. Trane was recently acquired by Ingersoll Rand for $10 billion while Carrier (a subsidiary of a larger company) had sales of $2 billion last year.
 
I guess Blue Star would eventually be acquired by a larger infrastructure company after a few years.
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Quote ganeshbhandary Replybullet Posted: 15/Jan/2008 at 9:39pm
Basantji,
koi smallcap stock bhi chun liya keejiyena.All your picks established cum solid picks.Bluestar no dought a very good choice but do think from present market cap of Rs4000crores+is there any steam left for it to be a potential multibagger say 8-10 bagger.Does the potential market size of this segment will permit it to attain such gains.Voltas will be definetly a good competetor and there are players like hitachi,LLoyd etc.
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