Ariens Company: Fill & Download for Free

Ariens Company. Check out their history and when they acquired Gravely here: The Ariens Company

About 15 years ago I needed a new garden tractor to cut the 4 acres of grass at my house. The manager of the local small engine repair shop talked me into buying an Ariens mower, so I bought it for several thousand dollars. Over the next two years that Ariens tractor spent as much time in the repair shop as it did in my shed. It was always breaking down and sometimes I would watch my grass grow for several weeks while waiting for it to be fixed. I really wanted to get rid of that tractor, but it had a low trade-in value and I didn't want to have to spend thousands of dollars again.One winter day I went out to my shed to get something and discovered that my Ariens tractor was missing (we lived in the country so I never saw a need to lock my shed). Because it had been a couple months since i last had to cut the grass I had no idea when it was taken, but I filed a police report anyway. When I contacted my homeowners insurance company they told me the theft was covered and I could get a new mower and only have to pay my $500 deductible. I went shopping and found a commercial-grade Husqvarna Zero-Turn mower for $7500 and the insurance company paid all but $500. That mower turned out to be the best one I ever had; very dependable and it cut down my mowing time considerably. So the person who stole my Ariens tractor really did me a big favor, and if I ever found out who it was I would thank him profusely.

19th August 2013.Yes Bank shares were trading at ₹48.30.I had bought a fair number of shares when the stock was at ₹83. It had touched an all-time high of ₹103+. And now it had fallen almost 50% from the levels I bought it at.I wanted to sell it but the stock had strong fundamentals.So I played cautiously. I bought 50 shares of the scrip.Fast forward to 2018. Today the share is trading at ₹361.I purchased some more when the price was at ₹160, and some more at ₹210, but that's not the point.The point is that I should’ve taken a loan of almost ₹3 lakh from my parents to invest in the scrip. Instead, I invested just ₹2,500. My 2,500 bucks have grown 7.5x to 18,000 bucks. But imagine what a corpus I would be sitting on if I had invested ₹3 lakh in the share in 2013. (Or ₹30 lakhs, which my father had at that time.)My first stock market mistake? Being fearful all the time.Lessons learned:Stay updated with your fundamentals. Follow news about your investments closely. Had I considered that it was a dry period for the market, I would’ve known that nothing is wrong with the company.Stop being loss averse. We’re always worried about how much we can lose. But we don’t think about how much we stand to gain. I wanted to limit my losses if the fundamentally strong stock fell. But what if I had stepped back to consider the potential upside too? I’d be a happier man today.Want to know another mistake I made?I owned 200 shares of Bajaj Finance at ₹69 per share in 2011. A couple of months later, I wanted to buy a smartphone, so I sold the shares because the stock wasn’t moving much. And I didn’t look back.Today, Bajaj Finance’s worth is ₹2,931 per share.And I let a multibagger slip right through my fingers!FML!Lesson Learned: Patience is a virtue that Ariens must learn to imbibe.