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Friday, August 31, 2007

Shivering with Greed

I had a busy August. I started looking in India after a while for fresh investments with the pre-conceived notion that opportunities would be hard to find in a market that has gone up 40% and upwards in the last 5 years. Surprise, Surprise!!!!
Here's what I am looking at:-
Company A trades at 0.92 times book value, earns c.16% RONW in a industry facing lot of regulatory tailwind.
Company B trades at c.8 times earnings from multiple industries and impeccable management.
Company C trades at 2.5 times earnings and pending a few value unlocking trigger events in the coming two years.
I hope to find similar "disappointments" in the future and hope to write about these three companies in the near future.
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