Hi Jaggihs: Appreciate your thought. I too like Micro Inks. I would like to accumulate it at lower levels - it has a decent run in recent times. I am also looking at Page Industries and Venky`s. Any thoughts based on Graham / Buffet principles? ravieria ...

hi jaggihs, i think you hold airtel shares thats y u r speaking like this..this positive,,as all operators arre taking quick decisions on reducing the charges then y not airtel..its the incapability of the management and having fear where they will loss a huge base of susbscibers and coming to the service its the worst of kind. If think in a business way,the margins and the EPS will decrease in future as number portability is around the corner and lot of subscribers will shift to Reliance,TATA for the benefit of call charges and network issues..Wait and watch ,,this script will get a beating to 250/- down the lane...

slow movie, not performing with the market trend?...

I agree with you. The person is just trying to canvass those stocks becoz he is already invested in them. The suggestion for him would be to invest in those shares after they rise by 25% becoz then he can be sure that they are going to go up....

Mat be it is available at its or very near the current season bottom price, hence a buy....

Once a particle drops in ocean (Cross below its all supports, below all its Fibo-levels), who can tell what depth it will go? 500 meters or 5.00 Km? So, it is worthless to discuss this stock now....

Start reducing the resultant price by buy a small quantity at CMP and continue buy on dips. It may have already hit or near its current session bottom....

I don`t trach these two but tried them. Both don`t yet fit into the strict guidelines of Graham. Page has P/E of over 22 which is too high and Venkys has a high Current Ratio.

Some of the factors which Graham has listed to identify value buys are
1. Size. I take it as MCap more than 1000 cr.
2. Current Ratio more than 2.
3. Long term debt less than current assets.
4. Dividend record over past 10 years. I take it for 5 years since Indian markets do not have as long a history as US markets.
5. Present EPS more than 1.5 times EPS 10 years ago (taking trailing 3 years avg in both cases).
6. P/E less than 15

There are some more too but these are the more important ones. The stocks that made the cut in end Sep were Anant Raj Industries, Gammon India, Gateway Distriparks, Gitanjali Gems, Nava Bharat Ventures, Hindustan National Glass& Industries. I have some of them though not all.

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I do hold Bharti shares. My point was that I have taken a conscious decision to buy them. Similarly I have to take a conscious decision to subscribe to Bharti telecom service. If I do not like it I do not subscribe to it. In fact, I don`t use Airtel. I can`t ask Bharti to shut down simply because I feel it is cheating its customers etc.
Just like I may not like a particular political party then I am at liberty not to vote for it in elections. I can`t ask the EC to de-recognise it based on my perceptions. It is a different case if a legally tenable case can be made out for cheating/fraud etc. ...

Your comments remind me of the tongue in cheek comment by Benjamin Graham (mentor to Warren Buffet) who said to hindsight soothsayers: The only sure way to make money in stocks is to buy if it goes up; if it don`t go up, don`t buy it.
lol!...

I had shortlisted few stocks using criteria given by Benjamin Graham & Buffet. Micro Inks had made the cut in July when I bought it. Repeated the exercise today. This is now just over fair value as per their criteria but then the market does not go by their valuation criteria. It has potential to touch even 550 in next 6 months if all remains well. Another stock that made the cut was Anant Raj Industries which also I bought at 133. Seeing that realty is in real doldrums will wait fopr it to fall some more before I add to that....

It just may remain above 90 by end of this series. Seems some MF etc is offloading. may go higher on institutional interest. Even crude prices seem to be static to declining so no good news that way too....

14 Sep was ex-bonus date. Sorry, you will not get the bonus....

It is persently trading at March 09 levels. I has also bought some then between 550-600. After the split hat equates to 265-300. So maybe with some more bad news sometime it will go down to 275 ie a 550 equivalent of March 09. Anyway Rs 30 loss per share at 330 is just about 10% and can be tolerated. Am holding for LT so 10% loss here is immaterial since I believe in the big story yet....

Thanks. I thought it was over priced. An IPO for something that will see its first rupee roll in in 2013 by best estimates is best avoided. Better to buy NTPC now, will look for NHPC IPO and pricing and go only if it is competitive. ...

Whether you support women going to pubs or not is a very personal opinion. It cannot be imposed on everyone by some lumpen self styled `keepers of morality`. It is legally permitted and does not harm anyone so what is there to oppose. It someone does not like it let him/her not go to pubs. I hope India is a free country or have we exchanged the Brit rule for lumpen mob diktats. If so, bring back the brits....