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Cannibal Stocks = $

Cannibal stocks are stocks which reduce their own equity

Source: Nilesh Shah

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One reply on “Cannibal Stocks = $”

PE has increased from 15.34 to 19.06 only. Much of the price increase is because of reduction of outstanding shares and not improvement in business performance. And that’s why despite increase in share price by 30 times, PE has increased only by 1.24 times. Pity on such maneuvering and manipulation. Sustainable price increase can happen only through improved business performance and not by juggling figures here and there. Market understands these all gimmicks.

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