Dics: I am a long term holder of Pix
Now what happened in the stock markets is not our business, but its still doing well, its paying dividends, its creating wealth and most of all Somi Belts is not a real competition as its the only listed Indian company as Pix has foreign promoter and great experience in doing the job, as soon as india picks up, we need machinery and they needs Material Handling that can only happen using belts provided by these guys, they supply many belts for various industries and have a great reputation. I think there will come a day when every Indian company making some thing needs MH and convener belts are going to be used, then you wont get Pix at Market Capt to Cash Flow: 2.18. I am positive the days inventory outstanding will reduce.
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