Many moons ago, Fundoo Professor wrote- I dont want to be a toll bridge, I want to be its meaning– and if there was ever a business which embodied the idea of an emerging moat then it should be this business.
“In retailing, to coast is to fail.”
V-Mart is trying out to win a game, where few have won before and those who have are always looking behind their shoulders. Retailing is a business meant for masochists. To win here, you just have to find a fanatic management.
A thesis on V-Mart (written by me) can be found here
I would request you to kindly acknowledge the source if you forward it to anyone else.
Last year in 2012, I invested about 10% of my personal portfolio in Atul Auto. This decision was backed by certain ideas which are outlined in the following investment theses. Additionally, an addendum is also given outlining the valuation and capital considerations.
I would be obliged if you acknowledge the source.