Wednesday, November 16, 2011

What a conviction!

Goldman Sachs added Sintex Industries to the India conviction buy list on 6 September 2011 and on 16 November 2011, it has removed the company from this list "based on account of European exposure and FCCB concerns." Weren't these factors present even when the company were added to the list?
Conviction is when you trust something especially at hard times, not backing off and selling it at the sign of the first trouble (share price from ~Rs.150 to ~Rs.93)

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