I cant understand what else this could be called - it was an inexpensive commodity producer when I bought it at 32-33 coming out of a CDR. nothing more - there are 200 mills doing the same stuff in india itself and like buffet says even if the management is extra ordinary, they are only gooing to be fighting to keep plugging new holes that emerge in the boat.

As for target price, I follow einhorn's philosophy to take it as you go along - why should one commit to an exit at the time of entry - that's like entering into a marriage thinking if I have two fights, i will file for divorce. I personally don't do it that way. Re-assess facts and the risk-reward ratio - said all of this, i am sure that Q2 results will be optically very good and I will take a call based on the price then.

At this point of time, I am worried about the cash flow discipline in the business - nothing more, nothing less. I will watch the BS in sept to see how it goes and take a call - No pre conceived notions, no commitments - flow with the facts.

IMHO The question whether high dividend yield stocks should be bought or not is a topic for another discussion. Its also a matter of personal choice. Personally, my goal over the years is to create a portfolio that gives me dividend yields which ensure I have enough income for retirement. Here is my contribution to the list:

JB Chemicals is one stock with high dividend yields. Profits are increasing - though not at a break neck speed. Screener link:

https://www.screener.in/company/JBCHEPHARM/

Why no updates in this thread;
Just read the Annual Report 2015, CMD remuneration up by 42%(7.8% of net profit) despite of flat profits. Is it too high? Is there any regulation for promoters salary?
They are claiming that flat revenues due to delay in customers projects. Balance sheet also shows increase in inventory.

Also mostly out of Vaibhav too

Hi golden star , nie list of stocks. It would be even better if you could read the major points that you found on the balance sheet and AR of all these stocks. Or else it would just be a one liner dicussion