Posts tagged All News
Closed-end funds losing value fast as decline in stocks continue (08-09-2015)
POKARNA LTD ( Stock opportunities ) (08-09-2015)
Alpesh, the Caesarstone price that you are suggesting includes Fabrication and Installation also. $10 per sqrft is the plain raw material cost of the Quartz stone out of factory to a dealer. I saw $10 /sqrft for a plain exporter is on the higher side, it averages anywhere between $7-$9.
Now, the nature of business model between CaesarStone and Quantra is different. CaesarStone has built a retail brand, they have their own fabricators, their margins are high. Its an opportunity for Quantra. If the management is capable, gradually they could develop similar business model and expand margins and market.
Right now they sell it a dealer, dealer sells it to fabricators. And some dealers have their own fabricators and few sell it to retailers directly. Most dont even quote a price to retailer. I did some market research, a dealer of Quantra sells it at $25/Sqrft in west coast USA. Ofcourse different color and different quality costs different.
Ramana’s portfolio (08-09-2015)
@pressy79t Most of my picks are due to my positive personal experience or from Valuepickr.
The first thing I usually do when I know about a company is - to do search on the company for any fraudulent, unethical or questionable deeds of the management. If I am not satisfied I don't do further research on the company.
Then I read interviews by the management and MD & A from AR for better understanding of the company and how gets impacted by macro economy. I also speak to friends if there any rumours which don't get published in news papers. Porters 5 forces framework also helps me a lot to understand the moat. Any red flags, I would stop further work.
Then I look at growth numbers, return ratios, cash flows, etc. I do check P/E, but it is not a show stopper. If I find any issues I will dig further. If not, I add the company with a tracking position. If my opinion about the company does not change for the next few months, I will add more. When I strongly believe the management I try to give benefit of doubt. If I find any any serious issues later I will still come out of it.
I try not to have more companies from same industry from portfolio management perspective. When economic indicators are bad, I try to reduce my exposure to stock market. I have seen three major crashes from 1998. I am lucky to escape with good profits two times. Once, I got screwed as I got greedy and leveraged my portfolio for real estate investment.
I feel most of the things in life are simple to understand, we complicate them unnecessarily (Last week, I was trying to measure portfolio risk by calculating co-variance, correlation coefficients, etc. based on historical numbers when I know by practical exp. that correlation coefficients would be close to 1 during major uptrends and downtrends when most of the stocks tend to behave in a similar way).
This is how I do it. It may or may not work for you.