Deepak Fertilisers is definitely a good stock to hold. I normally purchase this stock during corrections and sell during first surge after Dividend record date. I have got decent returns. ...

Hi EMCEE can you share ur thoughts on Shree Precoated steels limited .. Its a demerged arm of Ajmera....and was later taken over by Essar... ...

Andhra Bank`s wonderful results indicate alround growth. Certainly infrastructure segment must have played an important part....

Yes EMCEE, I remember you and me were the only ones on this this board, calling the bluff of all those who were predicting doom for this bank when it was at Rs. 40-50 price range. I too accumulated heavily at that price and am now enjoying the joyride. The ride is definitely not over as yet. Having bought it at such a huge margin of safety, we can continue to hold it longer while all the punters are now giving a BUY call, now when the risk-reward is more tilted in favour of risk than reward....

Dear EMCEE,Are you still holding Allahabad Bank.Request your views on the matter. Also marking to Realistic Corner for comments.-Thanks...

trust me..... the land it has is the creme de lecreme in mumbai..... the day it cracks one or two deals....this stock will just rocket.... i think the best philosophy with this stock is to leave around 3 to 5% ofyour portofolio in this stock....as a gamble. if you are not keen on risk.... then ignore this stock.... and many others likem suzlon, satyam, ranbaxy..... cheez i have all of them.... i am a risk taker i guess...

Dear EMCEE - Some corrections private banks and SBI are trading near PE 15 and above and trade at several times book valuations! Actually just like Corporation Bank, Allahabad Bank is trading well below book valuations and at a PE of 3.65. BOI delivered results at fag end and Allahabad will declare on 4th May, 2009. Fundamentally this stock is much better than most of the popular banks. If the results are better than market expectations you can expect a dividend of Rs 3 per share which is 6% CMP! Worth holding for the longterm since as soon as the bull market is established there will be investors looking for stocks well below book valuation. This stock may appreciate much more than BOI. Your decision seems correct even I will do something in that direction. The market is still not based on fundamental valuations so you must have conviction and HOLD for short to medium term. Anyway it is clear that these stocks are much better than FDs in the same banks. You will have to contend with experts dragging sown share prices based on global banks. No connection except the FII investors who seem to have stabilised going foward. ...

Posted by: EMCEE on ( 05-Nov-09 21:15 )

Price : BSE: Rs 87.95 ( -0.68 % ), NSE: Rs. 88.15 ( -0.17 % )
It is good buy:consistent performance, good divident pay out, has not seen much run up recently like other stocks, if it gains the attention of traders and speculators it can jump in leaps and bounds-has seen the level @Rs170- in the last peak- substatial real estate holding which could be monetised, hived off into a separate company fetching additional shares.To sum up a vey good buy:I have a substatial holding in this company and I am a long term investor ...

It is good buy:consistent performance, good divident pay out, has not seen much run up recently like other stocks, if it gains the attention of traders and speculators it can jump in leaps and bounds-has seen the level @Rs170- in the last peak- substatial real estate holding which could be monetised, hived off into a separate company fetching additional shares.To sum up a vey good buy:I have a substatial holding in this company and I am long term investor emcee...

Sorry pkb123, I dont track this stock:my advise would be, if you are not a trader, go for low PE stocks and when the Businesss Model ensures stable earnings with predictable cyclical changes.
Look at what happened with all the Telecom stocks,Airline stocks, and even Software stocks (Analysts were reccommending with about 30%-40% y-o-y growth in mind )etc:they were always high PE stocks and analysts were reccomending based on potential 2/3 year forword earnings and assuming they will grow the way they grew in the past . But it does`nt always happen that way.

With Banks, in which I mormally invest-Dena/Allhabad Bank/UCO etc.- , they are normally low P/E hig Book Value stocks and cyclical Earning Profile. For instance if RBI, in case of high inflation sucks liquidity out of Banks the earnings could come down margnally- but never to the extent analysts make noise- but again make up when the Liquidity is released when the inflation is tammed.Banks also report losses on their treasurry portfoio during High inflation/High interest time (Repo/Reverse Repo, when used by the RBI) time, but again when the interets rate comes down the Banks report hefty treasurry gains
Say in the above category, if you want to invest in Steel Comapny I would prefer SAIL:while it enjoys a stable Business Model the entry barrie is quiet high with land issues these days:Accr. Mital/Posco etc. have been struggling for so long with no sucess and existing players will enjoy the benifit

Make informed choice, especially if you are a passive long term investor

And, thanks for soliciting my views and sorry,once again, that I am not able to help

emcee...

Views on Deepak noted
Thanks
emcee...

Cool Bull, Naughty Sachin & others
who feel comfortable with PSU Bank kind of Fundamnetals: well defined business model, low risk,high Book value, low PE, dividents etc.
In the same basket one could Place Deepak Fertilizer: consistent perfromance,price to Book rougly 1, low PE, hasn`t seen much run up in the recent run up, had seen a peak of @Rs160-and, therefore a possibility- into real estate,half of which only has been moneytised & a chance that it may be hived off into a separate comapany- means some additional shares-and, more importantly consistent divident pay outs-one could expect Rs 4or4.5 this year as pay out out Rs 16/17 it may earn.
I have good holding& want to increase further
People who can see through the numbers to please ponder & sahre their thoughts

emcee
...

Cool Bull, Naughty Sachin & others
who feel comfortable with PSU Bank kind of Fundamnetals: well defined business model, low risk,high Book value, low PE, dividents etc.
In the same basket one could Place Deepak Fertilizer: consistent perfromance,price to Book rougly 1, low PE, hasn`t seen much run up in the recent run up, had seen a peak of @Rs160-and, therefore a possibility- into real estate,half of which only has been moneytised & a chance that it may be hived off into a separate comapany- means some additional shares-and, more importantly consistent divident pay outs-one could expect Rs 4or4.5 this year as pay out out Rs 16/17 it may earn.
I have good holding& want to increase further
People who can see through the numbers to please ponder & sahre their thoughts

emcee
...

Cool Bull, Naughty Sachin & others
who feel comfortable with PSU Bank kind of Fundamnetals: well defined business model, low risk,high Book value, low PE, dividents etc.
In the same basket one could Place Deepak Fertilizer: consistent perfromance,price to Book rougly 1, low PE, hasn`t seen much run up in the recent run up, had seen a peak of @Rs160-and, therefore a possibility- into real estate,half of which only has been moneytised & a chance that it may be hived off into a separate comapany- means some additional shares-and, more importantly consistent divident pay outs-one could expect Rs 4or4.5 this year as pay out out Rs 16/17 it may earn.
I have good holding& want to increase further
People who can see through the numbers to please ponder & sahre their thoughts

emcee

...