He is trading his wives like he trades his stocks !!:)
Some stuff I am reading today morning:
Two-wheeler makers gear up for production cuts (BusinessLine)
Tata Steel net drops 89% on Europe concerns (Mint)
The Seven subjects I learnt at Marwari Business School (AlokKejriwal)
Simplest Trick to outsmart 99% of all other investors (SafalNiveshak)
Eight Lessons from SmartMoney (SmartMoney)
Heads Warren Buffett wins, tails he wins too (LearnBonds)
Home loan or house rent? (Shabbir)
Recently, Bharti Airtel shares hit a six year low.One big reason was the under performance of its African operations.It admitted that its loss-making African operations, which it acquired from Kuwait’s Zain in a $9-billion debt-funded deal in 2010, may not meet its target of $5 billion in revenues and $2 billion in core earnings, for the year to March 31, 2013.
Now, there is another company whose stock is near its all time highs.This company has recorded its highest ever revenues and highest ever profits.
The company is Amara Raja Batteries.While both its automotive and industrial batteries segments are doing well, it has gained on account of its supplier relationship with Bharti.
According to its press release dated 28 May, 2012, “Exports in the industrial battery business have been growing significantly in the last couple of years aided by surge in demand through the expansion of Bharti Airtel’s networks in Africa. ”
So next time an Indian major makes a major acquisition overseas, look closely at its suppliers.The stock price action would probably happen there !!