This post is in continuation of my 5 Stocks Series (see here)
Rail Stocks have been massacred in 2013 YTD as can be seen from the table below:
| Symbol | Close on 31 Dec,2012 | Close on 21 June,2013 | Loss |
| KALINDEE | 101.8 | 59.05 | -41.99% |
| TEXRAIL | 66 | 34.5 | -47.73% |
| TWL | 358.7 | 107.5 | -70.03% |
| CEBBCO | 92.6 | 15.75 | -82.99% |
This post is in continuation of my 5 Stocks Series (see here).
Rail Wagon Stocks are having a terrible time this year as the table below indicates:
| Symbol | Close on 31 Dec, 2012 | Close on 18 April, 2013 | Loss |
| TEXRAIL | 66.00 | 49.95 | -24.32% |
| KALINDEE | 101.80 | 49.45 | -51.42% |
| TWL | 358.70 | 169.1 | -52.86% |
| CEBBCO | 92.60 | 29.95 | -67.66% |
This post is in continuation of my forecasting series (see here)
The forecasting folly case of Cebbco was pointed out to me by reader Puneet Pattar.
Cebbco was a darling of many brokerage firms who recommended it with various price targets .An article detailing their shenanigans can be found here
But what I find interesting is that well known investor Gul Tekchandani recommended this stock on Oct 31, 2012.In an interview to ET, he was asked:
Give me a stock idea where you are putting your money to work, where you are confident of a 15%-20% appreciation in next 12 months, next 18 months?
This should be taken as a disclosure as well; I have just about bought this Commercial Body Builders which is at about Rs 90. And I am always buying and selling the top line companies, but this is a new addition to the portfolio. I expect that this company will grow at 50% per annum and will give a smart returns, and does not require any money at least for a couple of years so that should help.
We all know what happened after that.Cebbco crashed spectacularly and is quoting around 30 Rs !
Forecasting folly, anyone?