EPI: Bet On Indian Growth (Archive)
Betting on India’s domestic growth via EPI’s cash-flow-cheap, credit-fueled earnings engine.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- If you believe in continued downward pressures on oil prices like me, exposure to oil-import nations such as India via ETFs such as WisdomTree India Earnings ETF seem promising.
- A slowing global economy is a headwind for EPI's export revenues, however.
- EPI benefits from domestic credit growth, construction activity uptick.
- Cash-flow focused valuation multiples suggest a 26% discount vs. other emerging market ETFs such as IEMG.
- On the technicals side, I see absolute upside in EPI, but I am less certain on whether it will outperform the S&P 500 Index.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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