Wrong again. This is 2015 and IBN has been the worst performing Bank. The reason is the growing default portfolio loans.
The Govt like the people are very good at slogan engineering. First it was Make in India, now it is Design in India , . Pure slogans and no substance or detail plans. The Banks are now supposed to pour cash for the reengineering and the Govt expects IBN to do its part.
No doubt at your expense.
It is doubtful if the CEO can stand up-to the bureaucrats.
Was till they started playing footsie with the new Govt taking on risky loans which invariably end up as junk bonds with no collateral whatsoever.
Theirdefault loan portfolio has been growing steadily.
That would be a waste of good talent. People close say he is a good surfer and was known for his acting. In fact they prenamed their new product Surf-acting after the maestro's talents.
Who would ask for anything more.!
You may have missed the presentation. " How to cream the system when surfing". If you had, you would understand the hard work that was put into surfacting.!
He understands the true meaning of Capitalism.!
Take off is more a pipe dream. There is no cohesive & coordinated plan and no possibility of one getting drafted any time soon.
More pot holes along the way.!
Fred: Once again you are wrong. We sailed thru 9.43 Can you see the trend and the strength in the fall.
On that subcontinent , excess sound bytes and exaggeration are intrinsic to any valuation. Once you recognize how inflated the prices are you will be a more prudent investor.
Hollywood studies will be bidding for the title deed. They want to open a Co. to promote dancing with the stars. Their marketing analysis shows that DSCO seems very acceptable to the public.
The question is of price.
Mgmt should be jumping for Joy. ABT was interested earlier but on hearing about Mgmt's reputation opted out.
Fred: Don't you like to make some money. Then buy low and sell high.
You keep buying high and dropping lower which forces you to justify your buys. Wait till you see the new low. It will come in Oct.; so be patient.
Fred:Check my earlier forecast.
All the result of playing footsie with the new Govt. More pain ahead as loans are being converted to worthless Bonds as done throughout the history of Banking on that sub continent. Those worthless Bonds never get a write off ; they are perpetual assets..
Most big Biotech Investors subscribe to shares on a discount basis which includes warrants to buy at extremely low prices. Most of these will be holding shares at less than a Dollar. They are waiting to dump these shares at an opportune run up.
The Business plan appears flawed because it does not account for Hospitals changing methods whilst increasing their risk liabilities.
It is likely that we have seen the high for 2015..
Hey that's what Capitalism is all about. ! Use money from the public to improve your own lifestyle.
They are now in a position to write the Text book how it can be done. They are still deciding the market and the price to authorise publication.!
Fred: You seem to be exceptionally gifted as a manipulation detective. Did you observe your pie in the sky IBN now trades sideways for gains in cents.
With so many penny gains and losses , it might soon be penniless.!
Once again the Egomaniac is on a spending spree . They (MT) have entered into a pact with the Indjun authorities to fast track and build a steel plant in his homestead in India,
.The steel that was previously imported from other Mills will now be produced locally creating a bigger global oversupply.
It is rumored that the Govt has promised them the highest national award if he can deliver the steel mill on time.That award will soon be offset by bigger losses and lower stock prices.
Don't waste your hard earned money. The Mgmt have had a great time at your expense without delivering anything for ten years. They are now heading into Pink sheets status and final fold up.