After the tremendous success of Lion and Antelope stockletters, we have launched a new service of only small-cap stocks or even large-cap stocks that are low-priced. The stocks selected will usually be small companies with excellent financial record. Or they could be large companies which are beaten down. One thing common would be this: the market prices of these companies would be in two digits or low three digits, making them ideal for small investments. This will meet the requests of many investors who have complained of the high prices of some of the Lion and Antelope stocks.

The Panther stocks would also not be among the portfolios of mutual funds and FIIs because these stocks may be too small for them or may have low floating stock. That is the opportunity for individual investors.

 
What's Inside
Here is what you get every week:
– A short list of stocks to invest in
- Fundamental data that we rely on
- Brief description of the companies
- Weekly updates on all recommended stocks and clear recommendations on when to sell
 
Some Facts about the Panther Stockletter
 
What is this stockletter all about?
The Panther stockletter will offer a select list of small-cap / low price stocks to buy. This will enable you to invest small amounts in them. We already have two stockletters, each pertaining to a different time horizon. Antelope is for medium term investment horizon and Lion is for the long term. Each of these offers a select list of outstanding stocks to buy. We hope to select not more than 30-35 stocks in the portfolio at the best of times.
 
Will these stocks be totally different from Lion & Antelope
We believe at least 90% of the stocks would be different. Some stocks, because they are small priced and small-cap, may figure in other stockletters too
 
How are these stocks different from the stocks given in Moneylife magazine?
The selection pattern is different for Street Beat and stockletters. Also, Street Beat is meant for the average investor and focuses on stocks where the risk of loss is low, while the stockletters are designed to meet investment needs of serious investors who have deeper interest and focus in the stock market and want to commit a substantial part of their savings for the long term. Street Beat stocks are chosen for each financial year and the summary performance of these stocks is recorded sometime in May. The profit or loss of each ongoing idea can be analysed from the stockletter itself.
 
Can I know the performance of the Lion & Antelope stockletters?
Yes. Since January 2012, that is, over two years, Lion has given a return of 35.93% while Antelope has given a return of 35.58%. More details of the portfolio are given here. This performance report is updated occasionally, usually every quarter.
 
What is the reason behind this success and will it continue?
We believe that the reason behind this performance is our formula. We frankly do not know whether it will be as successful in future as we have been so far, but we think we can beat the returns of the majority of equity mutual fund schemes.
 
What is the investment strategy?
Our investment strategy is to select quality stocks at a reasonable price. We identify companies that are reporting high return on capital but are available cheaper than similar high-quality stocks and then use our knowledge of managements, including corporate governance, to select stocks.
 
How are we different from a mutual fund and stockbroker?
1. Unlike mutual funds that hold your stock through a sharply falling market and often end up with poor returns, we believe that the only objective of an investment is to earn positive returns. Buying scrips of good companies is not an end in itself.
2. Unlike mutual funds, we do not benchmark ourselves against arbitrary indices. We aim to earn positive returns under all market conditions.
3. Mutual funds say that you cannot time the market. This gives them an excuse to invest lazily—hold on to large, well-known companies in a declining market. We believe timing is important. The best stocks can decimate your portfolio, if you don't sell them on time.
4. Unlike stockbrokers, we are not concerned with whether you buy 50 shares or 5,000; whether you buy/sell once a week or 20 times a week. Our income is not tied to your actions. We earn by selling ideas that we want to be responsible for. Our stockletters will survive only if you make money. In contrast, brokers earn their commissions irrespective of whether you make money or not.
 
How do subscribers get the stockletter?
The stockletter is sent as a pdf file only by email.
 
What is the frequency?
You will receive your chosen stockletter every Saturday evening.
 
How much should one invest in each stock?
You should invest equal amount in every single stock suggested. For instance, if we have selected 30 stocks, and you wish to invest Rs60,000 in all, you must invest Rs2,000 in each stock. It is also very important that you invest in stocks ONLY the money you will NOT NEED to touch for the next 5 years. Good quality stocks are likely to grow at 20-22% per cent annum but not in a smooth fashion.
 
What if some stocks have already run up very sharply?
We try to help our subscribers by identifying stocks that are still worth buying at current prices and leaving out, for now, the stocks that have run up sharply. However, good quality stocks move up on earnings, irrespective of the market conditions and whether they have run up or not
 
How to interpret the ideas given in the stockletter?
To enter into a transaction, wait for a new idea after you have started subscribing. We only offer buy ideas. We don't suggest a short-selling opportunity.
 
How do we know when to exit from the stocks recommended?
Exit suggestions are spelt out clearly every week.
 
How many stocks are changed every week?
Our list of stocks do not change much. Additions are made as and when any stock meets our investment criteria. Deletions are usually made after one year, so as not lose in short-term capital gains, if the performance is not too good. We may add a new company after weeks. Or if the market crashes we may suddenly add many more names.
 
Many stocks have gone up a lot since the recommended price. Will it be wise to invest in them still?
These are all excellent stocks we have selected. Returns may not be as great as in the past. These stocks may go down after your purchase. That is the nature of stocks. This is why it is important to follow these two principles about stock investing 1. Investing only that money you will not need for 5 years 2. Not looking at the share price in the short term. If you follow these two principles, even a big decline in good companies is nothing to worry about
 
How much do the stockletters cost?
Each Panther stockletter will cost Rs2,500 per annum. Is this too expensive? As a matter of comparison, if you have just Rs5 lakh invested in a mutual fund scheme, the fund company will take away Rs10,000 a year (at 2% a year) from your returns. That is more than 4 times you pay us – for very average returns. If you have Rs10 lakh invested, you are paying Rs20,000 a year to mutual funds.
 
What if I have any queries about specific stocks?
Well, we would rather let our performance do the talking and would find it hard to respond to individual queries but if you have any serious doubts email us at [email protected].
 
 
Disclaimer: The stockletters are for informational purposes only and none of the stock information, data and company information presented constitutes a legally binding recommendation or a solicitation of any offer to buy or sell any securities. Information presented is general information that does not take into account your individual circumstances, financial situation, or needs, nor does it present a personalised recommendation to you. Individual stocks presented may not be suitable for you. KenSource is a research and information company and not investment advisor. Please consult an advisor about the appropriateness of your investment decisions.
Cancel within two issues: You can cancel your subscription within two issues. We will return your money for the remaining period of subscription. You can cancel by email or phone.