Whitney Tilson Talks About Charlie Munger With Phil Terry
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Sep 30, 2009
Sep 29, 2009
Visit my New Blog on Indian Companies
Hi,
For all who are interested in Indian companies and are looking for Value Investing, i have started new blog focusing on Indian companies. I will be focusing on Annual Report Key points, My Views, Value Investment Ideas, Screens on value investment for Indian stocks on periodical basis. I shall try to make it more informative and with my inputs and would like my readers to share their view on also.
Check the Link below
Value Investing
For all who are interested in Indian companies and are looking for Value Investing, i have started new blog focusing on Indian companies. I will be focusing on Annual Report Key points, My Views, Value Investment Ideas, Screens on value investment for Indian stocks on periodical basis. I shall try to make it more informative and with my inputs and would like my readers to share their view on also.
Check the Link below
Value Investing
Sep 28, 2009
Sep 27, 2009
Sep 25, 2009
Bharat Forge : Next Big Leap
Baba Kalyani - man behind Bharat Forge Ltd great success is now plotting new steps to take the company to a New Leap in the Non Automotive Space. The link below covers an interesting article on the Next Big Picture which Mr. Baba Kalyani & his son Mr. Amit Kalyani are drawing for Bharat Forge Ltd.
Key Takeways:
Big Picture:
To get more insight on Bharat Forge - Article
Key Takeways:
- Betting Big on Energy with entering into JV's with Giants to address the Thermal, Wind and Nuclear energy business in coming decade.
- Entered into 3 JV's each with NTPC for thermal, Alsthom for Wind and Areva for Nuclear. All of which are likely to come on stream by 2012.
- Taken baby steps to foray into Aerospace segment in manufacturing strucutral components.Similar steps are taken in transportation segment (Railways and Marine). Still early to comment on the potential of this segments on Bharat Forge Balance Sheet.
- The company can generate Revenue close to Rs.15000 to 20000 cr per year in the energy segment itself once all its 3 JV's come on stream.
- Currently the Consolidated Rev is close to Rs.4800 cr. The management looks at 3 to 4 times revenue from current levels.
Big Picture:
- Company is entering into critical components business with Strong players, which is difficult for any other player to compete.
- Margins would be higher than the one enjoyed in the Auto Ancillary business.
- External Opportunity is much larger than the current business which it is addressing.
- Credible records in the past to manage critical business and capable of generating Higher ROCE% on long term.
- JV's with strong partners NTPC, Alsthom and Areva in their respective field.
- Low Cost Manufacturing Base.
To get more insight on Bharat Forge - Article
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