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sunlight
Groupie
Joined: 18/Sep/2007
Location: India
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Posts: 69
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   Topic: Lessons from 1Q 2008 fall
Posted: 18/Mar/2008 at 11:29pm |
Basantji/Friends,
I am creating this thread to discuss what we learnt from this fall. Let us try to capture that. Let us use the new knowledge to invest better.
Yes Bank - It is a bank with unproven execution. We should have waited and watched the management to deliver atleast 3 years and then started investing. We should have stuck with HDFC Bank. Does Axis Bank pass the gold (Buffet) standard of investing?
Dish TV - Poor balance sheet. Average marketing. Competition. Over dependency on stock market for raising capital. Should Bharti Airtel a better play?
Kotak -
JP Associates -
ICICI -
Shall we list the standard in a table and fit each stock into that?
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basant
Admin Group
Joined: 01/Jan/2006
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Posted: 18/Mar/2008 at 11:50pm |
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While it is too early to pull the dagger on Yes bank I paid a small price by moving away from my original thesis of sticking with sector leaders.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Vamsee
Senior Member
Joined: 09/Dec/2007
Location: United States
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Posts: 149
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Posted: 18/Mar/2008 at 11:54pm |
It ain't over till jayalalitha sings...........
Isn't is too early to declare that we have passed this phase ?? May be we are still in the middle (or begining  ) of it ??
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May you live in interesting times
-- Ancient Chinese Curse
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vijayM
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Joined: 21/Dec/2007
Location: India
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Posted: 18/Mar/2008 at 11:55pm |
Originally posted by basant
While it is too early to pull the dagger on Yes bank I paid a small price by moving away from my original thesis of sticking with sector leaders. |
TIME TO REVISE TEDXI in view of these lessons or not as of now?
vijay
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If a business does well, the stock eventually follows:Warren Buffett
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smartcat
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Joined: 29/Mar/2007
Location: India
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Posts: 4243
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Posted: 18/Mar/2008 at 11:58pm |
JP Associates: Market assigned it a market cap of Rs. 45,000 crores discounting FY11 earnings. By the way, if you look at FY11 earnings (3rd largest cement manufacturer in India, 1000 MW hydro power going onstream, real estate, construction contracts etc), it is still a fairly decent buy at Rs. 400.
But when things go bad, the markets don't seem to look beyond the next financial year.
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gopal
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Joined: 26/Jan/2008
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Posted: 18/Mar/2008 at 12:27pm |
dear all,
US cuts key interest rates by 0.75% now
thnx
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Women are like the stock market Coz they're irrational n can bankrupt u if u're not careful
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kanagala
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Joined: 31/Mar/2007
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Posted: 18/Mar/2008 at 5:36am |
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A super good lesson in diversification. And financials carry huge event risk.
Edited by kanagala - 18/Mar/2008 at 6:06am
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While one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior.
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gcpradhan1
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Joined: 03/Jul/2007
Location: India
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Posts: 570
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Posted: 18/Mar/2008 at 8:08am |
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Since the beginning when the YES idea came up on TED, since then we all know that YES is a high risk high return sort of stock ! Considering that fact, we were supposed to keep the YES portion in our portfolio which is suitable to our individual risk taking capacity. Although nothing is clear about YES as of now and there is hardly any change in the fundamentals of the stock as such expect the speculation level, so it may not be quite correct to jump to the conclusion that we should move out of YES completely. As we know, there is lot of risk in this stock, but still we know that in long run this temporary -ve sentiment may go away and again the stock may shoot up northward when the market sentiment becomes good. Therefore, I would rather keep an ideal amount of YES in my portfolio considering my risk taking capacity and wait for another few quarters untill the things became clear.
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Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years - Buffet
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