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*** This is not a promotion ***
* I made my intention to re-enter this share around 28/- levels when the share was trading at 34/- levels
during last 4-7 days. Please refer my comments on GREG topics during last few days.
* Now my average cost is around 26/70 as it came down more than I expected.
* Depending on the market condition share may go up or down, but why I say it's not a SCRAP anymore?
GREG IS TRADING ALLMOST ON THE NET ASSET VALUE, and this is the first time in three years, price has dropped to this level and to a very attractive PBV ratio of 1.15 times.
* Beta Values against ASI (As of Fourth Quarter of year 2011) = 3.61
Beta Values against MPI (As of Fourth Quarter of year 2011) = 3.17
(GREG is a MILANKA share)
* WHY IT'S NOT ATTRACTIVE WHEN A SHARE WITH HIGH BETA TRADES AT A PBV OF 1.15? IT CAN ROCK!
(But of cause depending on market conditions.)
* One can argue why not considering EPS. It's not wise to compare EPS on a company which operates like
an Investment trust with management control. Since their business model is to nurture a weak company
and sell it at a higher price. So always track the NAV and PBV. EPS is can mislead.
* This is my opinion. Open for discussion.