July 25, 2008

Those were the times !!

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:

tejbir said...

followed by another burst of the unstable numbers as shown?

Rohit Chauhan said...

why not ? all of us deserve to be rich :) ..just joking

Anonymous said...

Hello Rohit,

Would appreciate your 10 mins view on Pioneer Embroideries ?

Thanks
Nitin

Mahendra Naik said...

Maybe we could have another one soon. Let's hope & pray.

Rohit Chauhan said...

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

Rohit Chauhan said...

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