Who will be the number one car maker in India? Who is among the richest and best connected families in India? Who would you bet your hard earned money on in India? Tata -- my thoughts exactly.
I did not want to pay one penny over $16 for this stock and today I got it. Tata Motors LTD (NYSE: TTM) has been on my watch list of foreign companies, in rapidly expanding markets, I have had my eye on (and limit order) for quite some time. Today I was able to get it, to my surprise. I expect this to be a long-term hold with huge growth potential, bought at a value price, and paying a 4% 1.75% yield to boot. Now that's a fantastic deal all the way around.
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