Joined: 01/Jan/2006
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Posted: 20/Aug/2007 at 10:18pm
Does anyone care about that when he buys a bottle of water. All I want is "Bisleri". Himalays is almost twice as costly from what I know.
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Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 20/Aug/2007 at 12:23pm
Tata Tea has a huge scale of opportunity. Himalays stock price is artificially boasted because of the open offer. Wiat for the open offer to finish and the price to subsidise then buy it.
Personally I prefer companies with large scale of opportunity.So at the present rates Tata Tea seems better but if Mt. everest falls then we could look at it because Mt. Everest unlike Tata Tea is not cyclical.
'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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Posted: 20/Aug/2007 at 8:43am
Mt. Everest is not a big bang story that will happen quickly. tata tea will first like to rework the company and improve efficiencies and that could take 12-24 months also we need to understand that the annual per person spend on water is quite less compared to something else like mobile etc. So we should wait for turnaround or the efficiencies to kick in before this stock could be bought.
Edited by basant - 20/Aug/2007 at 8:44am
'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
Joined: 01/Jan/2006
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Posted: 20/Aug/2007 at 9:00am
Himalaya is the water brand that Mt. Everest owes.
'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
Joined: 09/Feb/2007
Location: United States
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Posted: 20/Aug/2007 at 9:17am
Basantji, Thanks for the clarification. I looked into the company and Saw the name of Vinod Sethi as one of the promoters. Is it the same person of Morgan Stanley fame ?
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