Invert always Invert.
The curios case of SBI Cards. [ No share price appreciation in last 5 years ]
- high price to book and PE
- less roe like 14%
- less growth in sales
- public sector with no accountability
- NO promoter's skin in the game like Divis or Cholas or Bajaj.
- not a growing roe. A declining Roe.
- declining earnings / profit growth
- high peg
- high credit cost means cost of money for lending
- erosion in market share. Decreasing market share.
- regulatory pressure by RBI
- Increasing Operating cost
If you know what to NOT buy, half the job is done. Invert , Always Invert.