There are thousands of companies listed on the Indian stock market. I am sure it’s safe to say that each of those listed stocks has, at some point, hit price levels at which it would have proved to be two, three or ten bagger from its all time low.
Does it mean that all those stocks are missed opportunities because we never studied them?
Not really. As value investors and practitioners...
Debt makes the growth possible. Profits make the growth probable. But those two things by themselves still don’t explain the breakneck speed at which the modern economy is cruising. Debt plus profit are the necessary ingredients but the catalyst is something else.
MissioN SMILE is an investor education initiative where we help our users understand and identify the important fundamental factors & business characteristics that drive a particular company or industry that we cover each month.