As far as United Phosphorus is concerned, I am a bit surprised not because of the warning but because of the kind of treatment that the market has meted out because this continues to remain a good company in a more or less secular growth of 15-18% considering the kind of geographies that is present. Even if in a given year, the growth targets are missed by a few percentage basis points since the stock continues to remain pretty cheap at around 9-10 times, so it should not have made a world of difference but that's the market for you and longer term investors should actually take advantage of these declines and maybe
buy United Phosphorus from the long-term perspective. 
