Which stocks to buy right now ?????
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How about RIM , Blackberry manufacturer ? Their stock is currently at 1/3 rd of the summer prices .
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Fido.
Location: God's own country
Posted on: 05-01-09 23:37:55
Quote:
Originally posted by Fido
How about RIM , Blackberry manufacturer ? Their stock is currently at 1/3 rd of the summer prices .
Fido,
It is not that attractive. We have the Apple phone as a major competetor and RIm will no longer enjoy its former glory. With the cut in US consumer spending, fewer people can afford to buy blackberries. There is some upside in the summer of 2010 when consumer spending will rise following the boom days but then it is very hazy and may not give that much good returns as a hit bank (Citi Corp) or Petroleum producing companies or infrastructure companies.
Nortel is trading at 34 cdn. cents after being consolidated 2 years ago.
Peace by TK
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I am a Gents and not a Ladies.
Location: Greater Toronto Arena
Posted on: 06-01-09 15:20:49
Quote:
Originally posted by Fido
How about RIM , Blackberry manufacturer ? Their stock is currently at 1/3 rd of the summer prices .
OUCH, but i still love my BB . and they are making one that emulates the iPhone, touchsreen and all.
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happily holi day!
Thanks TK ... will keep that in mind .
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Fido.
Obama: Financial Markets Face 'Substantial' Overhaul
President-elect Barack Obama told CNBC he plans "a substantial overhaul" of financial markets in the coming months, including a major restructuring of regulatory agencies.
"Wall Street has not worked," Obama told CNBC's John Harwood in an exclusive interview. "So it's going to be a substantial overhaul. We're going to have better enforcement, better oversight, better disclosure, increased transparency.
http://www.cnbc.com/id/28543570
One should not buy anything for now and wait and watch which turn market takes in next couple of months or at least wait till March before commiting anything.
Keep well,
Cheers!
Quote:This is all populist mumbo jumbo.
Originally posted by Krazzyfour
President-elect Barack Obama told CNBC he plans "a substantial overhaul" of financial markets in the coming months, including a major restructuring of regulatory agencies.
"Wall Street has not worked," Obama told CNBC's John Harwood in an exclusive interview. "So it's going to be a substantial overhaul. We're going to have better enforcement, better oversight, better disclosure, increased transparency.
He's simply getting people excited before his ceremony and playing to the media.
Financial scams have been a regular feature of our economic system since times immemorial and nothing the government is doing is going to change that.
Financial theft is built into the very fabric of capitalism.
That said, not buying anything right now is a valid and pretty good option.
Just because all stocks /appear/ cheap and all the experts on TV are crying "buying opportunity" doesn't mean you should.
Not doing anything is also a valid option
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
But, Satyam may not be the only one
Chartered accountants say, what is strange about the case is that Satyam was trying to show bloated revenues of 24 per cent (Rs 649 crore figure of September 2008 quarter), when actually his margin was only 3 per cent (Rs 61 crore). This is in line with his competitors Infosys and TCS, who also work on the same margin of around 20-25 per cent.
But, what is strange is why revenue margin of Satyam so thin as compared to his peers, or is it that the actual margins are low.
Usual business practice is that revenues are deliberately shown less, say 3-5 per cent and the rest is siphoned off by promoters for personal gains. Here the story is completely reverse, explain chartered accountants.
Stock market pundits, who recommend stocks like Satyam and others for investment, admit that window dressing balance sheet is not unique to India. The US takes a lead in this. The balance sheet of Lehman Brothers never existed and still people made investments through them. Most companies listed on the stock exchanges across the world do window dressing of their accounts, purely to get more investment, pull up stock price, attract more business etc.
Satyam is not unique in the matter and it is not alone in committing this fraud if every Indian company is put on a scanner independently then there will be bigger frauds unravelling.
Investors better watch out!
http://www.tribuneindia.com/2009/20090108/biz.htm#5
