Simple Investing

cannot agree more! I gave my tuition fees for this

Interesting thoughts. Could you pls elaborate why you feel Bata is losing its mojo and strategy at both entry and premium levels is not good? I feel they have evolved their product lines pretty well in all Male, Female & Kids. Entry level is having slowdown currently but of late their sneakers doing well and they have North Star, Hush Puppies etc. at premium end. Power also seems an interesting sports brand they can extend to apparels also later. Would be good to know your thoughts here.

Regarding promoter background or corporate governance, do you feel here is something below top notch in Bata? Is it not like the Indian arm of Bata MNC like Nestle, Lever? Is there a royalty attached or some other arrangements?

After reading your thoughts, I will re-evaluate Metro brands and dig more into it…

Its indeed amazing how Jockey fan following happened in India…maybe a case study…I think 10-15 years back there used to be some advertisements and this was well known by youth even then although very few had been to US back then…How they managed it in India is something to learn.

Thanks will check

I see it this way, if someone wants to have good spirits or beer/wine – we have very few players specially listed ones and that too with good corporate governance and MNC parentage as well…options are limited so when the tide turns in favour, there are very limited options…Also, a Tata or Reliance/Adani is not getting into this part of consumption to disrupt it anytime soon or even over long term as per the segments these groups target…but you never know from where disruption might arise…

Most experienced investors mention this. Probably I have to learn this art of rebalancing without looking at market prices or devise a methodology around it…

Completely agree and thanks for your detailed post. Its helpful. I do have conviction is some core picks. It was this part of potential core candidates of consumer durables/discretionary that I had been building over last 2-3 years is what I am not happy about. Not that I have regrets as they gave me learning I need but losing conviction in some of them because it is now I realize that selecting them in first place was not a best decision I could have done for portfolio…As Hiteshji said they maybe great companies going through bad phase/market sentiments/valuation issues etc. but like how I refrain from NBFC sector for eg. is something I would probably do for a Consumer Durables going forward once I rebalance or buy these sectors only as medium term trades and not as Core/Potential Core picks…

Thanks again

Disc: Same as above