maxthetrade Posted January 22, 2014 Posted January 22, 2014 http://articles.economictimes.indiatimes.com/2014-01-20/news/46374822_1_prem-watsa-india-infoline-thomas-cook
moody202 Posted January 22, 2014 Posted January 22, 2014 So...if I believed in India story, what are some effective ways to play this ?
wisdom Posted January 22, 2014 Posted January 22, 2014 He is investing in private businesses. The major indicies and large caps are not cheap. As a foriegner you cannot invest directly in indian markets.
gfp Posted January 22, 2014 Posted January 22, 2014 So...if I believed in India story, what are some effective ways to play this ? This index of Indian small caps does not appear overvalued at less than book value and around 10x earnings according to their end of year fact sheet. This market has already had a decline.. The ETF is by VanEck and is ticker SCIF http://www.vaneck.com/funds/scif.aspx http://www.vaneck.com/library/market-vectors-etfs/scif-fact-sheet-pdf
PJM Posted January 23, 2014 Posted January 23, 2014 Difficult to play the India growth story with ETFs. The index weightings is skewed towards some heavyweight names that will in fact be laggards going forward. The best way to play IMO is either 1/invest with a value investor fund that is still raising capital 2/buy some ADRs. There are are some very good names that can be traded as ADR in the US.
kmukul Posted January 23, 2014 Posted January 23, 2014 Why not just buy Thomas cook near book and let prem do all the hard work. IB has presence in india https://www.interactivebrokers.co.in/en/main.php , As its already mentioned large caps are mostly overvalued while small caps are mostly undervalued but its a difficult game for some one sitting in some other country,
indirect Posted January 23, 2014 Posted January 23, 2014 you cannot buy individual stocks in India thro IB. Only index futures
indirect Posted January 23, 2014 Posted January 23, 2014 See Prof Fundoo's write up on Thomas Cook India. I had similar idea the day I read Prem's letter to the FFH shareholder which came out in March 2013. Alas, I am still sucking my thumb.
moody202 Posted January 29, 2014 Posted January 29, 2014 See Prof Fundoo's write up on Thomas Cook India. I had similar idea the day I read Prem's letter to the FFH shareholder which came out in March 2013. Alas, I am still sucking my thumb. Where can I find the writeup?
valueinvesting101 Posted January 29, 2014 Posted January 29, 2014 http://fundooprofessor.wordpress.com/2013/12/01/why-i-bought-thomas-cook/ I have a feeling you might get another chance to pick it at low 70s in next few months. I think it is going to be multiyear story. Hardly started now. so giving up first 30-40% gain might not be too much in the long run.
PJM Posted February 10, 2014 Posted February 10, 2014 Thomas Cook continues to make acquisition as hinted by Mr.Watsa http://economictimes.indiatimes.com/news/news-by-industry/services/hotels-/-restaurants/thomas-cook-sterling-merge-to-create-indias-biggest-holiday-firm/articleshow/30055143.cms
Green King Posted February 10, 2014 Posted February 10, 2014 can someone walk me through the numbers please ? The stock looks high for me. Cheers
JEast Posted February 25, 2014 Posted February 25, 2014 A minor update on the Sterling deal. http://www.business-standard.com/article/companies/turnaround-man-s-sterling-challenge-114021801363_1.html
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