Hi @Avinash_Baskar,
Great analysis, thanks for sharing. I have following thoughts.
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Since the model is for 25 years, do you think some buffer can be incorporated for capital misallocations (such as the foreign subsidiary that is more or less burning cash)?
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Another probably naive question is about the interest income MHRIL is generating through prepaid membership fees. Do you think over time as membership grows, interest income can be significant and hence baked in the model?
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Do you think comparing MHRIL with foregin companies with similar model will help in relative valuation? There are a few businesses in the US based on similar time share business model.
Let me know what you think.
Regards,
Mahesh
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