Hi All, You can buy Avaya Global before its annual results are announce on 24th November- 2009, it will be atleast 210, irrespective of market conditions. It`s new MD has already turned this once disfunctional company into a profitable enterprise. Cheers!!

Avaya`s yearly results are to be declared on the 24th of this month. Yet there is no appreciable movement in the price of the stock either way. It is an indication that the results are going to be either bad or at best lukwarm. Normally you will see hectic activity in the counter before the declaration of the results (by the insiders) if the results are to be above the market expectations. In any case, it might take a couple of years for Avaya to bloom and achieve it`s true potential. it has some plus points on it`s side to make it a long term winner. It is multi national company to start with. The price to book value is low. it is a dividend paying company. When new companies with no activity worth mentioning are quoting above Rs.150/-, it`s valuations are reasonable. Probably worth acquiring below 150 levels. In Avaya`s case, Patience is the name of the game! I sold 1000 shares at 350 2 years ago and acquired the same at 133. Been holding for the long term and might buy substantial qty if the prices goes down to 125 levels.. Thought I would share my thoughts with fellow borders.

Yes, sir but what if results are excellent and price goes up?? Will you still buy?? In any case on BSE it clocked a volume of 27K on Tuesday and it also touched a HIGH of 169.90 on NSE. Now just see the dividend on 24th Nov-09. If it is anything above 45%, it`s price will flare up. Don`t forget that just few days ago, Reliance Mutual Fund had places a BUY order of 3.5 lakhs shares on NSE and there was no one to SELL!! So what is your take now?? My average price is still 240 and will try to bring it down further if it remains at 150. Let us know your views. Cheers!!