Some interesting off beat Sunday reads:
Travelogue:North East Himalayan Drive (TeamBHP)
Spoof:Leaked ‘Sent’ folders of prominent personalities (UnrealTimes)
Book Review:Freedom is blogging in your underwear (IDreamBooks)
Death takes a policy-How a lawyer made millions from life insurance cos (Prorepublica)
Venus and Serena against the world (NYTimes)
The financial behemoth that is the American Catholic Church (Economist)
Book Review:Nilanjana Roy’s The Wildings (JaiArjun)
Some interesting off beat weekend reads:
The Art Market Slump (Open)
The broken idea of India (Tehelka)
Secrets of healthy living in a hostile world (Moneylife)
Lance Armstrong:And now he is nothing (NewYorker)
Gangnam Style dissected (TheAtlantic).Love the music video (here)
Prince Harry’s hangover (VanityFair)
How Steve Jobs fueled a design revolution (Smithsonian)
The impact of scams is always felt in the stock markets.For instance, in the 2G scam, stocks like Unitech,DB Realty, RCom etc were hammered out of shape.
The recent controversy over coal allocations is interesting from a stock market perspective.
If the coal allocations are cancelled, the list of losers is a long one (see here and here)
But will there be any winners?If a shortage of domestic coal looms,then imports of thermal coal will increase.India’s Coal import has touched 140 Mio MT in FY 12, representing a 50% jump over 86 Mio MT imported last year. Of the total imports, 90 Mio MT would be Thermal Coal.
So pure play importers of thermal coal could turn out to be big winners of the Coalgate scam.
One of the listed players in this field is Mercator.While I had blogged earlier about the shenanigans of their promoters,it seems like a good candidate to ride the thermal coal import wave.
(Disclaimer:Buy/Sell at your own risk and don’t chew my a** if it doesn’t work out !!)
This probably explains why the contract workers at Maruti’s Manesar plant went berserk