Cera – Getting constructive, tracking position soon
Following are not the reasons why I am getting constructive on Cera
- Industry tailwinds
- 2-3 years earnings outlook
- Any immediate earnings trigger
Following is the reason why I am going to take tracking position in Cera (1-2%)
- Odds of getting long term call ( good or bad ) – over 2-3 cycles – right are high. According to me returns over 2-3 cycles depend on answering following question right
Considering business will remain pretty much india focused over next 2-3 cycles – can company’s strategy of focussing on only two product lines- bathware and sanity ware making it vulnerable to competition or it will improve the focus and thereby making it harder and harder for a competition to break in?
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