Aug

29

 I'm looking for some inexpensively-valued stocks in India and Indonesia. (I know, I know, Russia is supposedly cheap too.)

I looked at the big caps in the India ETF's and they don't look cheap for a country that is suffering from the early stages of a capital flight. And I don't trust my Bloomberg for finding diamonds in Chanakyapuri.

Does anyone have some favorites? As Sergeant Joe Friday would say, "just the tickers, Ma'am

(Don't be shy. I only harass Mr. Rogan when his stocks go down.)

Many thanks.

Leo Jia writes: 

Would Rocky kindly explain your rationale in buying India? Is it mainly due to the devalued rupee and your belief that it is a short-term event?

Rocky replies writes: 

Whoa. I am not buying iNDIA. I inquired whether anyone has some favorite tickers there so I could do some bottoms-up research on stocks. We are in the early innings of a capital crisis — things could get MUCH worse — including hard exchange controls. About 3 years ago, I undertook the same exercise in Greece, and I could not find any companies which meet my overly stringent requirements for investment. India, in contrast to Greece, has some very attractive macro aspects and the question is whether there are companies that at some price reflect a good opportunity.

From a trading (as opposed to investment perspective), I have no insights.


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