Some stuff I am reading today morning:
Investors put money in range accrual notes (ET)
Oil co’s profits are largely fiction (Firstpost)
From an unlikely source, a serious challenge to Wall Street (RollingStone)
4 Trading strategies for earnings announcements (Damodaran)
Things investors should hate:Gurus (PsyFi )
Three keys to greater wealth in the markets (Forbes)
Libor scandal detailed and explained (BigPicture)
Hugh Hendry has been dead wrong about China for three years now and China has not collapsed as he predicted, loudly, verbally and widely.Albert Edwards has been bearish on everything for a long time. So if you are telling me he is bearish on China and bullish on everything else that would be different. But no, he is bearish on everything, including you, me and Mother Teresa.”-said Jim Rogers
Sri Adhikari Brothers Television Network Ltd (SABTN) has been an outperformer in the Indian stock exchanges , gaining over a whopping 73% in the last one year (July 25, 2011-July 24, 2012)
What is interesting about this stock is as follows:
1.The EPS for 2012 is a paltry 0.71, giving a P/E of around 136.4 for this stock
2.The promoters have pledged over 86.11% of their holdings – a huge negative
3.Their debt is high relative to its equity, its interest coverage ratio is less than 2
Though I confess I have never watched any of their channels, SAB stock seems more fun to watch than their serials !
NaMo is making all the right noises in this interview to the Japanese press.
Interesting primer on Oman’s geographical challenges