Categories
Links

Linkfest:March 28, 2013

Some stuff I am reading today morning:

Last minute tax savings guide (Firstpost)

6 reasons why a recovery in telecom will not happen soon (ET)

Banks stare at MTM losses as bond yields surge (BS)

Whats happening in Cyprus and its implications for us (CapitalMind)

Profits from panic (ChetanParikh)

The most effective strategies for success (HBR)

Is the Yale model past it? (Rpseawright)

Best predictor of financial crisis:Huge inflows of foreign money (BigPicture)

How Ireland’s richest man ended up utterly bankrupt (IrishCentral)

Grooms at 18$ a piece fuel IPO hopes for Indian matchmaker (Bloomberg)

Categories
Startups Video

This teenager just made millions off Yahoo

Categories
Links

Linkfest:March 27, 2013

Wishing all readers a happy Holi. Some stuff I am reading this lazy morning:

Returns on PPF lower, but it is still worth it (Mint)

Realty companies offer smaller,cheaper homes to boost demand (ET)

New rules soon to curb insider trading, buybacks (BusinessLine)

17 year old sells smartphone app for 30 Million $ (BS)

Case study in financial planning (Subramoney)

Sanjay Dutt & the bendy bananas (Mediacrooks)

Bidders plan Dell’s future without Dell (Bloomberg)

The best stock picker I ever knew (JeffMatthews)

Is market timing dead? (MarketWatch)

Categories
Realty

Renting Vs Buying a Home-Part 2

This video is in continuation of the Renting Vs Buying a Home -Part 1 (posted here)

 

Categories
ForecastingFolly

Forecasting Folly:HDIL

This post is in continuation of my forecasting folly series (see here)

On March 29, 2010, Angel Broking put out a Buy Call on HDIL with a target price of Rs.356.The then prevailing price was around Rs.286, implying a gain of around 24%

Around one year later, on Feb 11, 2011, HDIL is quoting around 137.45 Rs –around 38% of the original target price ! This does not deter the good folks at Angel Broking.They issue out another Buy Call on HDIL, this time with a price target of Rs.243

Around six months later, on Aug 16,2012, HDIL is quoting around 83.9 Rs-around 40% of the revised target price ! Dalal Street’s finest at Angel Broking remain undeterred.They heroically maintain their Buy Call, this time revising the price target to Rs. 115

Now, you dear reader, know where this is heading, right?

Around six months later, on March 25, 2013, HDIL is quoting around Rs.46.6. This is around 40% of the revised revised target price !

Forecasting Folly, anyone?