Thursday, February 7, 2008

Wockhardt Hospital

Discount hi Discount!
Fortis Hospital given @108rs., now available @72rs. They also talked about doubling nos. of hospitals.

Very tough business guru! Low ROE 10%, continuous capital requirement to expand. 6-8yrs. payback. machinery wl get outdated and requires replacement. Do not think mgt. can break shackles of business, will require more time. Buy Apollo guru, Still 10-15% cheaper than Wockhardt (@225Rs.). So you will get listing money only when mgt.lowers lower price band by another 25-30%. Not possible! guru.

Baki,The fundamentals and objectives of the issues are good. I guess it will be a good time u get money back. If u buy hold it for 1-2 yrs

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