I ment
purist growth orientation, who believe in growth at any price. Yes my buys do infact increase in capital appreciation BUT my main focus both in valuation and investment has been to see
CONSISTENT and not fast growing earnings. As my entry criteria is value oriented.
After a crash a stock worth 100rs giving 5% dividend crashes to 50rs and is giving 10% dividend now,
My focus is that it's earnings should be consistent enough that it keeps giving me 10% for a very long while.
I couldn't care less if it even moved over 50rs in that while.
As my main focus is to build a
consistent dividend stream. It's just icing on the cake that it rises over rs.100, that is just a good for me moment.
I am not a big fan of diversification and i do bottom up analysis. So I dont care if I have 2 companies in one sector. As long as I am not over-invested in them. I never invest in commodity based companies
BUT I do invest in OIL ( just a personal bias) I do have ongc in my portfolio.
I had posted my portfolio a few pages back, You can check my holdings from there. Frankly I don't care about capital appreciation if my buy is dividend oriented. But if I buy something based on value orientation. I want a quick capital appreciation back to its intrinsic value.
I dont track OIL, Can I revert to you as I can then compare them over the weekend and give you a thorough answer?
If you have a doubt in anything Il be happy to explain more. At Least there is some life on this thread. I can explain more, why I dont like growth stocks and why I prefer value buys and all that if you guys want.