Two Stocks in my dream duality of Maya
a) Cravatex @ 400 (Already a four bagger in last 9 months since I entered, refer here)
b) Page Industries @ 2500 (I’ve made mistakes last year in trading in and out of it)
The results will not be disappointing. I feel very strongly about both companies and they can be 5 baggers from here again in less than 1800 days (5 years). In case of Cravatex upside will be even more strong if and when funds show some mercy on creeping crawlies like us. I see no reason Cravatex should not command 1000 Crore market cap in a few years (96 crores today). Page is discovered but will continue to compound.
I know there are always some gnarly issues vexing an investor, promoter selling, loss making subsidiary, undergarments by Fruit of the Loom, Hanes, DKNY in India – Nike and Reebok wiping out minnows like FILA and oh my ! the list is endless. That is exactly where you come in and I walk out, I will leave it to you to solve those questions!
What I do know is even B grade company like Relaxo will be around 1000 Crores in sales and market cap, I spoke many years back about it overtaking Bata in revenues, Money is limited, ideas too many, bet hard !
PS: Cravatex has not announced any news for Acushnet’s golf brands yet. If they do get these brands, it would be time to back up the truck. When I visited sports stores across the region I found them dominating their categories. I now have the numbers for market shares of those two superlative brands, Titleist golf balls have 69% market share in United States and Footjoy shoes have 57% market share in United States.