16 stocks to watch: PINC Research

ASHOK LEYLAND : Our earnings estimates for FY12 and FY13 are Rs2.5 and Rs3.1 respectively. Our FY13 earnings estimate is 11.2% higher than the consensus estimate of Rs2.7.We have a 'BUY' recommendation on the stock with a target price of Rs38, which discounts FY13E earnings by 12.5x.

ASHOKA BUILDCON : Our FY12 and FY13 earnings estimates are Rs19.4 and Rs25.9, 15.8% and 14.4% lower than consensus estimates respectively. We expect top-line growth of 29.3% and 30.1% to Rs16.8bn and Rs21.9bn in FY12E and FY13E vs. consensus forecasts of 28.2% and 32.5% to Rs16.7bn and Rs22.1bn, respectively. We value BOT (on a DCF basis) at FY12E and FY13E equity multiples of 1.6x and 1.1x, respectively. Our SOTP-based target price is Rs321, where BOT is valued at Rs198 and EPC at Rs122 (8x FY12E earnings). The stock offers an upside potential of 75.2% at our SOTP-based target price of Rs321 vs. consensus target of Rs293.

BAJAJ AUTO : Our FY12 and FY13 earnings estimates are Rs107.5 and Rs123.3, respectively. We have a 'BUY' recommendation on the stock with a target price of Rs1,850 discounting FY13E earnings at 15x. Our FY13 earnings estimate is 3.3% higher than the consensus estimate of Rs119.4.

CESC : Our FY12 & FY13 PAT estimates are in line with consensus. We value various projects - both existing and future - on FCFE basis to arrive at a target price of Rs346 (terminal growth rate 3% and cost of equity 15%).

HCL TECH : Our revenue estimates marginally differ from consensus by 1% and (0.7%) for FY12 and FY13 respectively. While EBITDA margin and EPS estimates for FY12 are higher than consensus by 58 bps and 7% respectively; for FY13 EBITDA margin and EPS estimates lag the consensus by 46bps and 3% respectively.

HSIL : Our earnings estimates (EPS) for FY12 and FY13 are Rs20.0 and Rs27.4, respectively. Our FY12 earnings estimate is 12% higher than the consensus estimate of Rs17.8. We have a 'BUY' recommendation on the stock with a target price of Rs270, which discounts FY12e earnings by 13.5x.

INFOSYS : Our revenue estimates are inline with consensus for FY12 and marginally lower than consensus for FY13 by 1.3%. EBITDA margin estimates are higher by 112bps for FY12 and 80 bps for FY13. While our EPS estimate is 1.8% higher than consensus EPS for FY12, it lags the consensus by 1.2% for FY13.

IRB INFRA : Our FY12 and FY13 earnings estimates are Rs14.5 and Rs12.5, 0.9% and 20.9% lower than consensus estimates respectively. We expect top-line growth of 28.2% and 22.3% to Rs31.3bn and Rs38.2bn in FY12E and FY13E vs. consensus forecasts of 29.6% and 24.3% to Rs31.6bn and Rs39.2bn, respectively.

JAGRAN PRAKASHAN (JPL): Our FY13 revenue estimate is 5% below consensus. However, our FY13 EPS estimate of Rs8 is in-line with consensus. We have a 'BUY' recommendation on the stock with a target price of Rs148 (18.6xFY13E EPS).

JYOTHY LABORATORIES : Our estimates for FY13 are among the highest on the street, led by expectation of better performance of the core business and sustainability of Henkel's profitable performance. We assign 16x to FY13E earnings and add Rs12/share NPV on tax saving of Rs1.2bn @12% discount rate to derive the TP of Rs212.

MAHINDRA & MAHINDRA : Our FY12 and FY13 earnings forecast are Rs45.7 and Rs52.9 respectively. Our FY13 earning estimate is in line with the consensus estimate. We value M&M at Rs882 using SOTP methodology, discounting the standalone business at 13x FY13E earnings.

NESTLE INDIA : Our estimates and target price are lower than the consensus, led by the expectation of pressure on EBITDA margin and argument of narrowing down of the Nestle's valuation premium. We assign P/E of 30x on the next 12-months earnings to derive a TP of Rs3,618.

NIIT TECH : Our top-line estimate for FY12 is marginally higher by 1.6% than consensus while lag the consensus for FY13 by 1.4%. Our EBITDA margin estimates for FY12 are marginally lower than consensus by 26bps and in line with consensus for FY13. Our EPS estimates for FY12 & FY13 lag the consensus by 0.5% and 4.2% respectively.

PHOENIX MILLS : Our EPS estimates for FY12 and FY13 are Rs10.8 and Rs11.9 respectively. Our FY12 earnings estimate is 21% higher than consensus estimate of Rs8.9. We have a 'BUY' recommendation on the stock with a target price of Rs265 after assigning 15% discount to FY12E gross NAV.

POWER GRID : Our FY12 & FY13 PAT estimates are in line with consensus. We value PGCIL on FCFE basis to arrive at a target price of Rs120 (terminal growth rate 3% and 13% Ke).

TECPRO SYSTEMS : We expect EPS of Rs31.0 and Rs37.4 in FY12 and FY13, respectively, almost in line with consensus forecasts. We expect 9% growth in order inflow in FY12, whereas some analysts forecast de-growth of ~30-35%. However, the management has guided for ~30% growth in order inflow in FY12. We maintain a BUY recommendation on the stock with a target price of Rs375 (10x FY13E).

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PN Vijay`s multibaggers AVT Natural, IRB Infra

Portfolio Manager PN Vijay picks AVT Natural and IRB Infra as multibaggers stocks for the day. He sees both stocks earning better returns ahead.

Below is the edited transcript of Vijay's interview with Udayan Mukherjee and Mitali Mukherjee of CNBC-TV18. Also watch the accompanying video.

On AVT Natural

AVT Natural is a south based 100% export oriented company.They export marigold products, marigold flowers and marigold oleoresin. They are one of the world's largest exporters of vanilla. The vanilla pod is grown by them. It is an additive in ice-creams and desserts. They also have a package tea exports division.

It is one of the very few examples of contract farming in India where corporate sector owns the farms, makes them and exports them or for domestic. It is a bit like Karuturi except that Karuturi did all these global expansions and got into trouble. AVT has got a long history. It is not a new company, it has been in the business for a long time. Their profit growth has been very impressive. It is a small company.

They closed the last financial year at about Rs 140 crore topline and about Rs 11 crore bottomline. But in this half year, profits have gone up five times though the sales have gone up only twice. They have global collaborations. The world's biggest producer of marigold oleoresin and marigold seeds is their partner. So, on the ground they are very firm. They have very specialized products and have one of the most de-risked agro based contract forming businesses.

The de-risking they have done to their businesses against the vagaries of monsoon and all are very impressive. The stock like many other smallcaps stocks has corrected viciously on selling by retailers. It is now standing and dicing near at about Rs 300. We are predicting in earnings per share of about Rs 50 this year. So, we are talking about current PE of six which is even for a smallcap very attractive.

I should say as a risk factor, this is a bit of an agro-based business and also that hits the smallcap stocks, so the risk level is more. One has to take the risk as it comes. But given these factors and the present optimism about small and midcaps in the environment, I recommend a buy on this with a target of Rs 500 in the next 15 months.

On IRB Infra

After about 18 months I have got an infrastructure stock on my buy list. Like the rest of the world community, I am slowly increasing the beta in my portfolio. If one were to pick good infrastructure stock to ride a possible turnaround in the Indian economy in the next two years, IRB would be a candidate. IRB is in the build, operate and transfer activity, confining itself to highways and roads.

It is in that portion of infrastructure. It doesn't do anything else like urban development and so on. It has been one of the biggest players in the golden quadrilateral concept. It has more than 10% market share on the kilometers of the golden quadrilateral. Last quarter it did fairly well. The topline went up impressively, the EBITDA went up only about 35%. The net profit went up only about 22% because there was about Rs 4,200 crore of debt on their books which was beginning to hurt a bit.

So, the topline growth didn't translate itself into the bottomline growth. But going forward, they have two cash-cow. One is the Mumbai-Pune Expressway on which they have got a very strong toll increase of 18% recently. Also the Bharuch-Surat-Dahisar Expressway, on which also they have got a very handsome toll increase from the Gujarat government. Their toll incomes are pretty steady and growing. They are starting work on very mega Ahmedabad-Vadodara link which is one of the most profitable links in the country.

Once that gets going, it will be very good. I am just betting that with interest rates starting to slacken, the topline growth which is there, they have got an order book of about Rs 96,000 crore would translate into a better bottomline. I would warn investors that buying infra stocks at this time even though the valuations have corrected viciously, 40% in the last one year is fraught with various risks of buying infrastructure stocks. At about Rs 135-140 or so I would say IRB on a two year timeframe should go up to about Rs 250 in about two years time.

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Rajen Shah's multibaggers: Mahindra Ugine, Shanthi Gears

Rajen Shah, chief investment officer, Angel Broking selects Mahindra Ugineand Shanthi Gears as midcap multibagger stock ideas for the day. According to Rajen these stocks have the potential to earn better returns ahead. "In 2012-13 the turnover of Mahindra Ugine will be about Rs 2,000 crore. Profit could be as high as Rs 30 crore resulting in an earnings per share of about Rs 10. I am exceptionally bullish on this company from a little longer term perspective." "Shanti Gears is low profile gear making company based in Coimbatore. This company was doing very well in 2008 and 2009. Both these years it reported approximately Rs 250 crore of turnover and about Rs 45 crore of net profit. This year the company will report about Rs 4 kind of earnings. But next year I do expect a repeat of 2008-2009," he added. Below is the edited transcript of Shah's interview with CNBC-TV18. Also watch the accompanying video. On Mahindra Ugine This company trades at about Rs 47. Between 2004 and 2008 the total net profit made Mahindra by Ugine in these four years was Rs 187 crore which is more than the current market cap of the company. The aggregate profit works out to around Rs 46 crore per year. At that time the aggregate turnover in this period was Rs 700 crore. On Rs 700 crore the company used to report Rs 46 crore of aggregate profit. Today the turnover has more than doubled but the profit is not even Rs 5-10 crore. In this long time the turnover has doubled. It’s almost four years since 2008. The company is into alloy steel which is doing reasonably well. Its stamping business is likely to do exceptionally well because the capacity of stamping business is likely to move up by about 60-70% over the next two years. They are setting up a new plant at Pantnagar which were catering to Telco and M&M. Their ring business, which is a small business about Rs 30 crore is also doing reasonably well. Since the power cost in this business is very high the company has invested about Rs 14 crore in Wardha Power Company. The Wardha Power Company will commence operations anytime now and this is going to reduce its power bill substantially. So we have worked out that in 2012-13 the turnover will be about Rs 2,000 crore. Profit could be as high as Rs 30 crore resulting in an earnings per share of about Rs 10. I am exceptionally bullish on this company from a little longer term perspective. Its capacity expansion will come into play in 2013-14, then EPS could go as high as Rs 15 which was the EPS between 2004 and 2008. At Rs 15 kind of EPS the stock can easily touch Rs 115 in about three years from now. It is a Mahindra Group company. I was amazed to see XUV500 which is an international product coming from Mahindra Group. The future of this group is very bright. Companies like Mahindra Ugine should do exceptionally well because they are catering to the group companies besides other permanent companies. It is surely a multi-bagger in the making. On Shanthi Gears Shanthi Gears is a very low profile Coimbatore based company which makes gear, gear boxes. These are all specialised gears and some of them find application in Airbus and Boeing. This company is currently headed by P Subramanian who has got a very clean track record. He is a person of very good integrity and does a lot of philanthropic activities in South. Last year he gifted about 473,000 shares of Shanthi Gears to its 473 employees, 1,000 shares each to each and every employee. These are no ESOPs but gifts from his personal holding. This company was doing very well in 2008 and 2009. Both these years the company reported approximately Rs 250 crore of turnover and about Rs 45 crore of net profit. After that there were certain issues in the management and some top people left from the company. At the same time the company decided to go for some restructuring. They had six units have curtailed to four units. Lot of restructuring and regrouping was done and now the company is back on track. This year the company will report about Rs 4 kind of earnings. But next year I do expect a repeat of 2008-2009. Their employee cost has gone up by 50%. The employee cost was about Rs 8.5 crore in the first half of last year and has gone up to about Rs 12.5-13 crore in the first half of this year. In May this year, the company for the first time appointed a professional CEO Velumani. Velumani is an expert in the gear technology and has worked for 16 years in Flender and Winergy. Flender and Winergy is a part of Siemens Group. Siemens bought out Flender and Winergy for about 1 billion euro four-five years back. This company now is headed in a different zone altogether in the next two-three years. The company has got about 80 acres of land at Coimbatore which is worth Rs 80 crore and a cash of about Rs 45 crore. That adds up to Rs 125 crore whereas the current market cap is hardly Rs 315 crore. So, if one takes out this Rs 125 crore from Rs 315 crore we get Rs 190 crore of market cap. Next year’s profit will be about Rs 45 crore. One is getting this company for 4 PE multiple and that’s too cheap. The company is now getting into screw compressor business in a big way. Some top people from Atlas Copco could be joining this company. Disclosure: We own about approximately 7 lakh shares of Mahindra Ugine and10 lakh shares of Shanti Gears in our PMS product. On Fertiliser space A: I rarely go through all the things happening in this space because every second month we hear that there is a meeting on the fertiliser policy. I just go by demand-supply and currently while interacting with people I have realised that fertiliser demand is exceptionally high. There is a serious shortage of fertilisers and that is why I have been bullish on this space for the past three years. I am not concerned about the policy because hardly any investment has gone into fertiliser industry for past years because of non-remunerative prices and government policy. Government talks about brining down inflation to 7% I fail to understand how can you bring down food inflation by increasing interest rates? If they want to bring down food inflation increase the agricultural output. The best way to increase agricultural output is creating huge capacities for fertilisers. The government has to sooner or later bow down to the demand of this industry and that is going to lead to higher production of fertiliser. It will result in higher crop production and will ultimately lead to lower food inflation. The solution is not increasing interest rates but boosting crop output. No matter what happens in the short-term these all stocks are going to be multi-baggers in the long-term. One could see sell out happening in stocks likeCoromandel, Chambal and Mangalore Chemical.

Fastest Growing Small Companies 2011

SMALL & STARRY-EYED

Click here For The Full List of Fastest Growing Small Companies 2011 Every investor dreams to have a future Infosys or Titan Industries in her portfolio. But choosing the right gems out of over 5,000 listed companies is no mean task. Take heart, ET Intelligence Group has done the job for you. Here's a list of 100 Fastest Growing Small Companies that could be future giants. The phrase ?nothing succeeds like success? might be a cliché, but when it comes to demonstrating the success nothing quite succeeds like growth. It is the growth in revenues and profitability that validates the correctness of a business strategy or a robust business model. Better still, if this is achieved consistently over a period of time. Both large corporates and the smaller ones have their own set of growth stories. Still the limelight is never the same. Bigger companies are always the ones that are talked of more and corner the bigger share of attention. After all, their growth into biggies has already confirmed their success. However, as they say, ?the great thing in the world is not so much where we stand, as in what direction we are moving.' Going by this logic, we feel it is important to celebrate the growth stories even of smaller companies. They may be standing low on the ladder, if size were a criteria, but their consistent growth indicates that they are moving in the right direction. They hold the potential to become India Inc's poster boys in years to come. While the ubiquitous disclaimer about future's uncertainties is definitely in order here, we recommend investors cherry pick companies from our list based on their individual research. Such investments could prove immensely fruitful over next the few years. THE STREET SHOW Last one year has been bad for the stock market and in times like this small and mid-cap companies tend to suffer the most. However, that was not the case with our last year's list of 100 Fastest Growing Small Companies. Between last and this October BSE Small Cap lost 36%, BSE MidCap fell 27% and BSE Sensex slipped over 15%. However, three in every four companies from the 2010 list of Fastest Growing Small Companies have outperformed the BSE Midcap Index in this period, while 52 companies have performed better than the BSE Sensex itself. One in every three companies gave a positive return during this period. It is worth noting that this performance is calculated based on monthly average prices and not point-to-point comparison. THE STAR CAST OF 2011 The list of Fastest Growing Small Companies remains, as usual, a representation of varied sectors from auto ancillaries, pharma & FMCG, chemicals to packaging and mining. Only about half the contenders of last year could make it to the list this time. In a few cases this was on account of the company's inability to continue to perform well. However, quite a few had to lose their rankings due to the raised bar. The list this year is topped by Ester Industries, maker of polyester film, which made a dashing entry into the list, thanks to the runaway prices of its final product. Zydus Wellness, our last year's topper maintained its momentum to secure the second place. While National Peroxide and Mayur Uniquoters improved their last year's rankings to take third and fourth places, respectively. A brief analysis of our 10 toppers follows the main story for readers' easy reference. ACTION & DIRECTION One of the key challenges in compiling this list was to weed out unsound and potentially dubious candidates. This is important because one can't worship growth just for the sake of it. We tried to achieve this by putting strict parameters for companies vying to enter the list. Only companies qualifying on all these accounts were considered for ranking. As such, making it to the ranking is itself quite an achievement. The first thing considered was the debt-equity ratio ? the gauge of leverage. Any company with a reading of above 1.5 in last three years was dropped for being too leveraged. Similarly, interest coverage ratio, indicating the ability to service the debt, had to be above 5 for three consecutive years for the companies to make it to the list. The next criterion considered was the return on capital employed (RoCE). RoCE is a measure to figure out how efficiently a company utilises its capital invested in the business. Too low a return and the company could end up in a debt-trap. Hence, companies that could get RoCE of above 15% for the past three years were only considered. Additionally, companies unable to generate positive cashflows from operations for at least two of the past three years were removed. Finally, the revenue benchmark to qualify as a small company was raised to 1,200 crore or below for the current financial year to accommodate the overall growth and inflation against 1,000 crore or below in the previous year. At the lower end, companies with a market capitalisation below 100 crore were excluded. Top 10 Companies ESTER INDUSTRIES FY11 saw the demand for polyester film ? also known as BOPET film ? move up strongly on products such as mobile touch screens, LED televisions and solar panels. The prices soared as supply failed to keep pace, enabling companies to make a killing. However, as supplies grew, BOPET prices came down substantially. Ester Industries' June 2011 quarter net profit tumbled 81% y-o-y. This means the company is unlikely to maintain its feat next year. However, with its capacities more than doubling last year there will be a substantial volume growth. ZYDUS WELLNESS Zydus Wellness, the 350-crore FMCG arm of Zydus Cadila group, has a strong product portfolio with an underlying health plank. The company has invested heavily on building its brands such as Sugar Free, Nutralite and EverYuth. Despite a subdued performance in the June quarter, the company's business continues to hold the promise of strong growth. Sugar Free is India's largest-selling low-calorie sweetener with an 86% market share. EverYuth range of skin-care products enjoy their leadership position in the scrubs and peel-offs category despite competition from MNCs and other Indian players. However, the company is facing intense competition in the face-wash category. Growing at over 20%, the company is poised to achieve its target of 500-crore revenue by 2013-14 NATIONAL PEROXIDE Improvement in the prices of chemical hydrogen peroxide helped the industry leader National Peroxide in FY11. The company achieved 49% jump in revenues and 255% in net profits, while its production improved 11.4% to 71,826 tonne. The company expanded its hydrogen peroxide capacity by 24%, for which it had to shut down its plant in the April-June quarter for 70 days. Even after commissioning the plant, the commercial production could begin only from September 2011 onwards. This is set to affect its numbers in the first half of FY12. However, the second half of FY12 onwards it will enjoy the full benefits of expanded capacity. MAYUR UNIQUOTERS Mayur Uniquoters is India's leading manufacturer of artificial leather and supplies to domestic automakers such as Maruti, Tata Motors, Hero MotoCorp, M&M, etc, and footwear makers such as Bata, Liberty, Action, etc. It has continued to grow well over last few years without leveraging its balance sheet and is one of the few companies giving quarterly dividends. The company has started supplying to overseas automakers such as Ford and Chrysler and is trying to enlist with GM, Toyota, BMW and Mercedes Benz. The company has maintained its position in the 100 Fastest Growing Small Companies list for second consecutive year and has proven a multibagger in last one year. It appears well placed to continue its steady growth in coming years. SANDUR MANGANESE Sandur Manganese & Iron Ore is India's secondlargest manganese ore miner and also operates a ferro-alloys plant with almost all its 2,000-acre mining land in Karnataka. The company benefited from the improved pricing scenario in FY11 although its sales volumes dipped on export ban in Karnataka, high freight costs and 20% export duty imposed on iron ore. The company's June 2011 quarter numbers were hit by Supreme Court's blanket ban on mining activity in Karnataka. This factor is likely to weigh on its overall performance of FY12 like other mining companies and could make it difficult to maintain its position in the list next year. LUMAX AUTO TECHNOLOGIES Lumax Auto Technologies is an auto-component maker supplying transmission and steering components, body and chassis and electrical components. Growing production of automobiles by both Indian and foreign players, a buoyant replacement market and rising costs have benefited Lumax. It is a debt-free, cashrich company and is planning to add two more plants to the existing six facilities in Maharashtra. Its entry into infrastructure lighting, although small at present, could safeguard it from cyclicality of the auto industry in the future. WABCO INDIA WABCO India, now a 75% subsidiary of WABCO Holdings of the US, is a supplier of auto components to commercial vehicles industry. A significant revival in Indian commercial vehicles industry, thanks to investments in development of road and infrastructure, enabled it to post a strong revenue growth. As investments in roads grow with more and more private participation, the long-term growth trajectory will remain strong for the commercial vehicle segment. However, in the shortterm, cyclicality in the commercial vehicle market and rising raw material costs could be a concern. ECLERX SERVICES Mumbai-based KPO operator eClerx has benefited from the buoyancy in the demand from the global financial market. Despite talks of a global slowdown, eClerx reported a strong sequential growth of over 6% in the five out of the six quarters ended September 2011, validating success of its business model. PBDIT margin above 33% shows that the new business did not come at the expense of profitability. This has helped in offsetting the impact of higher taxes due to minimum alternate tax on SEZ income. The company offers critical back-end services to the financial sector, which are not affected by the movement of business cycles. This should keep the company going during tough times. HAWKINS COOKER Hawkins Cookers is seeing a huge demand for its products but was unable to meet it because of labour issues at its plants. Last year, the company's net sales grew 17%. The profit declined due to higher raw material prices. But now most of the labour issues have been resolved and input prices have come down from their peak. Hence the company will be able to run its plants more efficiently and higher growth can be expected. Besides, the company is financially sound with high return ratios, strong cash flows and low debt. EVERONN EDUCATION Education services provider Everonn Education has reported strong buoyancy over the past three years backed by sound return and liquidity ratios. Its stock has, however, plummeted 44% from the year-ago level following the judicial action against its erstwhile MD in early September. The company has appointed new leadership and has ensured the soundness of its business fundamentals. In the past one month, its stock has recovered from the lows of 228 to the current level of 380. Its performance under the new leadership in the next few quarters will be crucial to restore the investor confidence. Click here For The Full List of Fastest Growing Small Companies 2011

Ramkrishna Kashelkar With inputs from Jwalit Vyas, Ranjit Shinde and Kiran Kabtta Somvanshi

“I am the master of my fate; I am the captain of my soul.”

TUESDAY, SEPTEMBER 27, 2011

“I am the master of my fate; I am the captain of my soul.”

Only those who can see the invisible can achieve the impossible. How very true. Success in life is all about vision.

Belief in your vision is the key to creating your own destiny. Larry Olsen said, “First we must taste our vision, touch our vision, feel our vision, emotionalize our vision, and finally own our vision.”

Once we learn to own our vision, the “how” of making it happen slowly presents itself.

The people who sit on the sidelines will never score the winning goal. The people who judge you for living your own life are not living theirs. We must all really find out where we are getting our advice. Your inner voice is the best authority for you. It is the guiding source in which you should listen.

Orison Swett Marden said, "Don't wait for extraordinary opportunities. Seize common occasions and make them great. Weak men wait for opportunities; strong men make them." You are the creator of your own destiny! It is your own decisions which create your life.

Whether you like it or not, you are creating your own fate right now if you happen to subscribe to the products/services of HBJ Capital. You are after all the Master of your Destiny and believe me you can achieve the impossible – that’s creating infinite wealth under the guidance and supervision of HBJ Capital.

We are your lighthouse – you won’t get lost.

Life is about experiencing all that this earth has to offer. If you are not experiencing life, then you are wasting time. Life is a lesson that must be lived to be learned.

There is some god advice out there that will be helpful and you should seek it. However, there is a lot of bad advice out there too. You can waste a lot of time chasing down bad advice. At least you will learn a lesson from it…so I guess that is not all bad. The sooner that you learn that you are in control of your life, the better.

Action is the key word here. Anyone can dream of accomplishing their dream. Anyone can talk about making it come true. However, the person who will get it done is the person who consistently takes action towards his or her goal. That is the only way to make it happen.

Life is not a sideline sport. It is something that each person has to get involved with and make it happen. The reason we have free will is so that we may choose the course of our life. We can go for the glory, we can give it away, or we can find a nice bed and sleep our life away. The choice is yours and it is the greatest gift of love we ever received. Our choices are powerful and they determine our life. If you are not happy with where your life is headed, then you have to look at the quality of choices you are making. All it takes to change your life is to change your thoughts. Find a dream that compels you to act….stick to your guns and start doing things that will get you closer to your goal. That is the key to success….just keep shooting for your goal. You have to make your own destiny…no one will make it for you.

William Ernest Henley has indeed summed it up all so well : “I am the master of my fate; I am the captain of my soul.”

from:hbj

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