This post is in continuation of my Investor Presentation Series (see here)
[gview file=”https://alphaideas.in/wp-content/uploads/2013/04/1366124344231_Q4FPR16042013.pdf”]
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Infographic:Have you been catfished?
This post is in continuation of my Infographics Series (see here)
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Linkfest:April 17, 2013
Some stuff I am reading today morning:
Indian education is useless (BusinessLine)
Theme park in Lonavla (Firstpost)
7 Sins that are costing you money (ET)
IMF:Indian economy has bottomed out (Mint)
When lender misplaces property agreement (BS)
When simplicity is the solution (WSJ)
Sugar:Letting the invisible hand work (AjayShah)
To avoid the biggest investing mistake, stay strong (NYTimes)
The Central Bank dog ate my homework (InvesingCaffeine)
Wily 22 year olds force Morgan Stanley’s hand (Dealbreaker)
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Forecasting Folly:Cox & Kings
This post is in continuation of my forecasting folly series (see here)
On March 31, 2012, Dalal Street’s finest at ICICI Direct put out a buy call on Cox & Kings.The then prevailing price was around 163 Rs and the target price given was Rs.195 (implying an upside of around 20%).
By Nov 16, 2012, the price of Cox&Kings had fallen to around 140 Rs.The good folks at ICICI Direct maintained their buy call and revised the target price to 170 Rs
Now exactly 4 months later, on April 16, 2013 ,Cox&Kings closed at 126 Rs.This is around 36% below the original target price.
Forecasting folly, anyone?