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basant
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   Posted: 11/Mar/2007 at 12:18pm |
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I think after the present tax structure is revised ITC should become a good buy again.15 times PE (as you say) is to my mind the lowest for ITC over the past few years.
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us121
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Joined: 03/Dec/2006
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Posted: 11/Mar/2007 at 9:03pm |
Originally posted by tigershark
what do teddys feel bout ITC at 15 times o8 earnings is this stock bcoming undervalued and is too much being seen into the more than 4% vat it may have to pay on cigarettes.the stock may not be a blockbuster but it could be asteady compounder over the next 5 yrs. |
i am holding ITC since long.
My conviction is based on:
1. management with vision
2. cigarette: cash cow business and not likely to be going down any more
3. great growing business of hotels and rural retailing using scalable model
4. leveraging the experience of channel management in FMCG
5. reasonable PE
i am very much optimistic on this stock and am ready if need to hold for longer.
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ABILITY will get u at d top. CHARACTER will retain u at d top
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Ajith
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Posted: 11/Mar/2007 at 8:47am |
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Market perception of HLL can change to positive suddenly and so it may be a good contra buy.
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Ajith
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tigershark
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Posted: 11/Mar/2007 at 8:59am |
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i would agree with all 3 both as defensives with a 3-5 yr holding do make sense at the current levels the mkt is worried that states may start charging obscene amounts of vat for cigarrettes hence until that is sorted out itc could remain under pressure
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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kulman
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Joined: 02/Sep/2006
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Posted: 14/Mar/2007 at 4:07pm |
Following the launch of its snacks brand 'Bingo' in 16 different flavours, ITC's Food Division today said it will invest Rs 150 crore in the next two years for its foray into the snacks segment and is eyeing 25% market share of the Rs 2,000 crore organised market in the next 4-5 years.
"We have already invested Rs 60-70 crore for our foray into the snacks segment. In a couple of years we will be investing Rs 150 crore for the foray," Ravi Naware, chief executive, ITC Foods Division, said here.
Edited by kulman - 14/Mar/2007 at 4:08pm
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Life can only be understood backwards—but it must be lived forwards
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basant
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Posted: 14/Mar/2007 at 6:42pm |
Please do not go overboard with all trhis. Rs 150 crores is 0.3% of ITC's market cap so except for some emotional/sentiment support these things are meaningless!
Even if you take Rs 500 crores (25% of Rs 2000 crores) it comes to 1% of the market cap!
These things are good for the business channel "exclusives" or "breaking" news only.
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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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kulman
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Posted: 14/Mar/2007 at 7:01pm |
Sure, I know it is peanuts literally. Just wanted to post this newsflash.
Ab jab shaam ko log Mallya ki shaaraab piyenge, saath mein Wills cigarette hogi aur snacks (chakna--Bambaiyya word) ITC ka khayenge!
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Life can only be understood backwards—but it must be lived forwards
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Mohan
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Joined: 09/Feb/2007
Location: United States
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Posted: 14/Mar/2007 at 7:29pm |
Originally posted by kulman
Sure, I know it is peanuts literally. Just wanted to post this newsflash.
Ab jab shaam ko log Mallya ki shaaraab piyenge, saath mein Wills cigarette hogi aur snacks (chakna--Bambaiyya word) ITC ka khayenge!
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chakna-
Kulmanji,
I have not heard this word for soo long. Aap ne to yaaden taaza kar di
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Be fearful when others are greedy and be greedy when others are fearful.
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