SLT-ty

I've wanted to buy some Indian stocks for a while and started doing some quick research on mining stocks.

Found one that would give me a similar risk:reward as CENX and got into SLT @ $11.52.

Sterlite (SLT) is a copper miner and also has minor aluminium and zinc properties. It is about -13% on the year and I decided to give it a try even though its P/S and P/B are still way above my preferred levels. Still, India is a growing market and I believe it has the highest % near-term growth potential out of all the BRICs.

But I'm not an economiss - just a little SLT-ty.

P.S. It has more cash than debt on the balance sheet...