coming to ur queries, find my answers in bold.
1). what do you think of balkrishna tyres? i see that fdc finds a place in your portfolio ahead of that.
balkrishna is at the end of the day a cyclical and i dont like the way they have to keep on expanding capacities (maybe the nature of the business). big question is what happens if there is some sort of demand slump and what do you do with all these capacities and the debt that comes with it?
2). I see that you are fairly bullish on hawkins. you mentioned in one of other threads that if management gets its act together, the growth could be good. do you know if the labour and environment issues at their plants have been resolved? i don't see any mention of that in the annual report.
hawkins is a patient investor's dream stock. if you have patience there are sureshot returns. buffett in his "essays of warren buffett" is quoted as "We like to buy business with we easily understand, with good economic characteristics with honest and able management at reasonable valuations." Hawkins fits the bill here.
regarding the settlement of the pollution issue and the issue of labor wage settlement at jaunpur, its only a matter of time when the issue is settled. till then one needs to be patient.
3). I read in one of your TED posts that you had some exposure to astral at some point. could you elaborate on the reasons for the exit there?
i used to own astral but with the forex issues cropping up and sharp run up to around 190 levels from 120, i decided to move out.
4). would it be possible for you to put up the average extry prices for your picks and period you have held them for?
i dont know what purpose it would serve to know my average entry prices. this obsession of keeping a tab on entry prices have often caused me mental blocks. i have stopped thinking about my average purchase price bcos what matters and what decides is what you need to think about your investment at current prices.