I would like to know from other boarders whether company will be able to survive in this downtrend in its business cycle. Will it exist after 5 yrs from today. Is current management capable of reviving company future. I have serious doubt about its future.
In our country there are no stringent laws to punish promoters in corporate fraud; we do not know which company is next where fraud will be exposed. Fraud is detected in Austral Coke and Pyramid Saimira.
Many of us have burnt our fingers,
This statement is without any prejudice to Suzlon.
Be that what it may, it is better to stay away from such stocks.
In our country there are no stringent laws to punish promoters in corporate fraud; we do not know which company is next where fraud will be exposed. Fraud is detected in Austral Coke and Pyramid Saimira.
Many of us have burnt our fingers,
This statement is without any prejudice to Suzlon.
Be that what it may, it is better to stay away from such stocks.
yes atleast in india, some eye wash things are happening like IT raids, settlements, etc unlike in US, where institutions are collapsing and govt printing currencies and circulation...
i invest in such stocks... writing off them as bad debts.
When a company starts generaging cash by selling its assets created over the years, investers should understand that there is something seriously wrong with its management, and should exit from it.
Its very clear & owner of suzlon Mr Tulsi Tanti also said on media that he is restrucring their business . So nothing new that they are selling some of its non essential asset and generating revenue . Suzlon went very aggressive in their expansion when market was at peak , suddenly there was a worst recession started . So obviously Suzlon also affected in that recession . Now the main point is we are getting best company`s stock ( once upon a time ) at throw away price IF ( IF ) company comes on track once again . AND IF THIS HAPPEN THERE WILL BE NO TIME THAT THERE WILL BE ZERO ADDING AFTER 76 RS OF SHARE . SO ITS A PURELY INDIVIDUAL RISK . IF BY CHANCE IT BECOME SATYAM YOUR 70 RS STOCK MAY BECOME O ( ZERO ) . SO EVERYONE KNOWS TO INVEST IN SUZLON IS A PURELY GAMBLE , ONE CAN BE CRORE PATI OR ONE CAN BE ROAD PATI .
CHEERS ...
( PS - I HAVE 25000 NOS . OF SUZLON SHARE AND ONLY INVESTED IN ONE SCRIPT ONLY BY THINKING WORST , IF TULSI TANTI IS IN JAIL LIKE SATYAM OWNER , I WILL BE ON ROAD . IF TULSI TANTI IS A FORTUNE 500 RICH PERSON , I WILL BE CRORE PATI )