Commodity and Cyclical Plays

[harsh.beria93]

A followup on the previous article

Great articles to read on the web

Another very interesting interview of Kenneth with Nirmal Bang. Apart from what I mentioned in the previous post, here are the new insights that I garnered. Be scared when the smallest guy in a booming industry is making money and if the industry is becoming more and more fragmented Don’t try to find cheap stocks in an overvalued industry as that stock is probably cheap for a reason, and if industry dynamics mean revert, this guy will be killed Three major costs apart from material cost and th…