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Dr. Reddy's Laboratories Ltd. Message Board

  • ShrewdCurmudgeon ShrewdCurmudgeon Feb 7, 2008 7:36 PM Flag

    RDY vs. 10-year bond


    RDY is a bargain in this environment.
    Currently, the net income on an investment in 10-yr bonds is 3.8% per year.

    The annual return on RDY is conservative $0.71/sh million (EPS projected for the current year) / $13.62/sh = +5.2%

    And RDY has a strong balance sheet and their assets are mostly in the appreciating Indian rupee …. advantages you don’t get from US bonds.

    If RDY had no cash and its stock price went up to $18.68/sh, then it would have a P/E that is equivalent to the 10-year bond. It is a no-brainer to buy RDY stock below $18/sh.

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44.97+0.47(+1.06%)Jul 25 4:02 PMEDT

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