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steeledge

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steeledge

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Re: None

Wednesday, 09/29/2010 8:37:40 PM

Wednesday, September 29, 2010 8:37:40 PM

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considering all the runs the other india plays have had (REDF, SIFY, IGC, and to some extent MTE), SMCG is a screaming laggard. I picked some up at $2.05 today, which per latest filings is over a 50% discount to NAV!

The biggest issue that SMCG has is that it's misunderstood -- it's a closed-end fund with a sizeable holding in an Indian financial institution/brokerage.

Solid DD combined with timeliness and conviction is a recipe for profits.

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