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Author: Raoji
This post is in continuation of my Infographics Series (see here)
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Linkfest:April 23, 2013
Some stuff I am reading today morning:
How did the world’s rich get that way?Luck (BusinessWeek)
Telecom firms spread a low cost net (BusinessLine)
Mercedes,Audi and BMW shift to cheaper cars (ET)
RIL signals start of growth era (BS)
Bajaj’s quadricycle faces a tough ride (Mint)
India’s rickety bridge across its digital divide (Bloomberg)
Use hedge funds for proven return reduction (TRB)
Gold bugs swatted again (RickFerri)
Is it worth making the shift to fundamental indexes? (Globe&Mail)
Bill Fleckenstein:Hold tight your gold (ZeroHedge)
The mind of Jeffrey Gundlach (CrossingWallStreet)
This post is in continuation of my forecasting folly series (see here).
On Nov 16,2012, Firstcall Research put out a buy recommendation on Parekh Aluminex with a price target of Rs.357.
What happened next was a truly tragic and a black swan event.
On Jan 6, 2013, the founder and the driving force behind the company Amitabh Parekh passed away (Blogged his obituary here)
The stock started tanking immediately and brought out the fact one-man companies carry an inherent KeyMan risk.
Now, the price of Parekh Aluminex is quoting at a 52 week low of 72.75 Rs.This is around 20% of the original target price set only 5 months back !
Forecasting Folly, anyone?