While Delta corp looks cheap, I am just too apprehensive on “betting” on a company that operates in a sector towards which the government is so antagonistic. Too dependent on govt policy risk .. sure casinos are not disappearing in Goa but the govt is hell bent on making their lives miserable it seems.
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Any recent news driving today’s 20% stock surge?
There are lot of companies which are far better than delta corp atleast we should try to see companies where the tailwind is large and headwinds are less, some themes which I am looking is recycling,ship building, power sector, pharma ,valuations may be aggresive but it is worth it to study , cases has been pending from a long time, better to start looking somewhere else