Sir, I was going through Garware Hi Tech Films. When I was reading risks involved due to Governance Issues, I remembered Monish Pabrais talk of Risk and Uncertainty. The probability of improving governance is there as third generation is taking over. I think market if taking this uncertainty as risk and discounted in current price. Business is available below Book Value and current PE of 9 (11%+1.5%(dividend yield)=12.6%) looks promising. Ashish Kacholia is invested and increasing stake.
You can’t advise weather to buy or not but sir what has been your experience of such kind of uncertainties? Business fundamentals are strong and improving.
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