Sounds a little odd, but Mahindra Holiday Resorts has a great reputation…or rather a background, but has done NOTHING for the shareholder (investor) but it has been a good opportunity for the trader. I have made money as a trader, but nothing as an investor.
So should you buy the share and hold on for a long time? Well it depends on your expectation, but in the current market correction/slide it has come down dramatically…and is available at an attractive price. Or is it?
It is available at a price of Rs. 200 – vs an IPO about 10 years ago at Rs. 300. I remember seeing this share at Rs. 540…I guess that was its peak, and last year they did give a bonus share. Bonuses worry me. Does it mean there is a cash flow issue? I do not see that in the balance sheet…but yes it has been hammered down.
Now if a company is not so good for its shareholders, it should be good for its Time-share owners, right?
well read what a financial planner says…it is a little dated article. I have no clue what changes have been made by the management since then…but read on…
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