2004-2007
Inflation – 3-5%
Sensex – 300% up
Interest rates – around 7-8%
Salary hikes – 20% minimum
Real estate – 200% or more up
A few more years of this, and I could have retired. Ahh ..life was good !!. All I had to do was to buy a house, anywhere or pick a stock which I heard from my panwala or barber.
how I long for those times again :)
I want a new bubble !!!!!
6 comments:
followed by another burst of the unstable numbers as shown?
why not ? all of us deserve to be rich :) ..just joking
Hello Rohit,
Would appreciate your 10 mins view on Pioneer Embroideries ?
Thanks
Nitin
Maybe we could have another one soon. Let's hope & pray.
hi nitin
i will have a look at the company and let u know
mahendra - yes you never know ..although i would not mind a few more months of the bear market ..helps in buying good companies at decent prices
regards
rohit
nitin - pioneer has too much debt for my comfort. 2:1 is the debt equity ratio and almost 12 time net income.
in the current sceanrio of rising interest rates this has already started hurting the company (see the interest expense is now up at 13 crs). if the rates rise, the company could get into more trouble.
i would personally avoid the company
regards
rohit
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