– prof sanjay bakshi’s fav stock falls from grace even as valuepickr forum’s ominous warning...

Upload: bhaskarjain20021814

Post on 06-Jul-2018

224 views

Category:

Documents


0 download

TRANSCRIPT

  • 8/18/2019 – Prof Sanjay Bakshi’s Fav Stock Falls From Grace Even as ValuePickr Forum’s Ominous Warning Rings True

    1/7

    1/26/2016 – Prof Sanjay Bakshi’s Fav Stock Falls From Grace Even As ValuePickr Forum’s Ominous Warning Rings True

    http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?curator=alphaideas&utm… 1/7

     Fan Site: Inspired, Not Endorsed, By Rakesh Jhunjhunwala

    8 Comments

    Prof Sanjay Bakshi’s Fav Stock Falls From

    Grace Even As ValuePickr Forum’s Ominous

    Warning Rings True

    Written by Arjun

    Prof Sanjay Bakshi’s favourite  stock which supposedly has an “impenetrable moat ” 

    around it has fallen off the cliff. Worse, the Company is being likened to Satyam and

    questions are being raised about the existence of a huge amount of cash on its books.

    What is the way out for its beleaguered investors?

    Our Stocks Talk Forum  already has 3000+ investors having

    stimulating discussions on stocks. Please join us asap

    Prof Sanjay Bakshi’s mastery in stock investing theory cannot be disputed.

    He is a staunch believer in the theory that buying stocks with a “moat ” or a

    competitive edge will benefit investors immensely in the long run even if 

    they pay a hefty premium for such stocks.

    Sadly, the Prof’s stock picks are not living up to the high expectations

    reposed in them. At least three of the Prof’s favourite stocks, Kitex

    Garments, Vaibhav Global and Ashiana Housing, are presently reeling under

    poor performance and are close to their 52-week lows.

    Kitex Garments shocked everyone today by slumping 13% on the back of 

    poor Q3FY16 results. The stock has lost 35% in just the last month. The

    stock touched an all-time high of Rs. 1070 on 6th July 2015. At the CMP of 

    Rs. 473, there is a whopping loss of 56%.

    It is notable that the Prof was uncharacteristically bullish about theprospects of Kitex Garments. In a note titled “The Importance of 

    Unconventionality ”, the Prof came out with all guns blazing in favour of 

    Kitex Garments. He said:

    “As gigantic customers like Carter’s, Toys “R” Us, Gerber, and The Children’s

     Jan26th

    2016

      GO

    Be the first of your friends to like this

    Rakesh Jhunjhunw…8,995 likes

    Like Page Share

    Why these stock advisors dont start mutual funds if they are so skilled????? 

    I always read various posts including

    various fights and blame game about

    various advisory firms..I have one

    question if these stock advisory services

    are as efficient and accurate in stock

    market prediction, why they don't start

    mutual funds or why don't start

    investment compnies like Warrent Buffet.

    As far as claim I read ,which might […]

    Kitex Garments - Does stated futuregrowth justify its high valuations? 

    After it was mentioned that textiles is a

    good sector, someone was also kind

    enough to mention Kitex Garments.

    Since then I have studied their numbers

    and business model and details onmanagement integrity. They look to be a

    great firm with a clear vision and track

    record of execution. But it is quoting at

    […]

    WHICH IS BEST BRANDED APPAREL PLAY TO RIDE URBAN CONSUMPTION BOOM 

     STOCKS TALK FORUM 

    Rakesh Jhunjhunwala

     Articles Research Reports Stocks Talk News

    http://rakesh-jhunjhunwala.in/forum/index.phphttp://rakesh-jhunjhunwala.in/forum/index.phphttp://rakesh-jhunjhunwala.in/news/http://rakesh-jhunjhunwala.in/news/http://rakesh-jhunjhunwala.in/http://rakesh-jhunjhunwala.in/stock_research/http://rakesh-jhunjhunwala.in/forum/index.phphttp://rakesh-jhunjhunwala.in/news/http://rakesh-jhunjhunwala.in/http://rakesh-jhunjhunwala.in/news/http://rakesh-jhunjhunwala.in/news/http://rakesh-jhunjhunwala.in/news/http://rakesh-jhunjhunwala.in/forum/index.phphttp://rakesh-jhunjhunwala.in/stock_research/http://rakesh-jhunjhunwala.in/http://rakesh-jhunjhunwala.in/news/http://rakesh-jhunjhunwala.in/http://rakesh-jhunjhunwala.in/forum/http://rakesh-jhunjhunwala.in/forum/forums/-/index.rsshttp://rakesh-jhunjhunwala.in/forum/threads/which-is-best-branded-apparel-play-to-ride-urban-consumption-boom.1859/http://rakesh-jhunjhunwala.in/forum/threads/kitex-garments-does-stated-future-growth-justify-its-high-valuations.955/http://rakesh-jhunjhunwala.in/forum/threads/why-these-stock-advisors-dont-start-mutual-funds-if-they-are-so-skilled.1839/https://www.facebook.com/rakeshjhunjhunwalas/https://www.facebook.com/sharer/sharer.php?app_id=1616880811879316&u=https%3A%2F%2Fwww.facebook.com%2Frakeshjhunjhunwalas%2F&display=popup&ref=plugin&src=pagehttps://www.facebook.com/rakeshjhunjhunwalas/https://www.facebook.com/rakeshjhunjhunwalas/https://www.facebook.com/manish.delhhttps://www.facebook.com/profile.php?id=100008194994308https://www.facebook.com/jaymin.lunagariyahttps://www.facebook.com/twinkle.chaudhary.7773https://www.facebook.com/profile.php?id=100007915682593https://www.facebook.com/ravula.sreenivashttps://dl.dropboxusercontent.com/u/28494399/bfbv_2014_2015/Teaching%20Notes/Teaching%20Note%20on%20Unconventionality.pdfhttp://rakesh-jhunjhunwala.in/forum/index.phphttp://rakesh-jhunjhunwala.in/author/admin/http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/http://rakesh-jhunjhunwala.in/forum/index.phphttp://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/#comments

  • 8/18/2019 – Prof Sanjay Bakshi’s Fav Stock Falls From Grace Even as ValuePickr Forum’s Ominous Warning Rings True

    2/7

    1/26/2016 – Prof Sanjay Bakshi’s Fav Stock Falls From Grace Even As ValuePickr Forum’s Ominous Warning Rings True

    http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?curator=alphaideas&utm… 2/7

    Place divert more of their sourcing requirements to Kitex, I expect the

    company’s revenues and earnings to grow manifold over the next decade.

    …..

    Despite its tiny size, the company enjoys significant power over its much

    larger customers which is reflected in improvement in its profitability and 

    working capital situation. EBITDA margins have improved from 16% in 2008

    to 24% in FY14. Working capital turns have improved from 4x to 11x over 

    the same period. In FY14, Kitex delivered a 60% pre-tax return on equity with no net debt.” 

    The Prof also made it clear that more bucks can be harvested from Kitex

    Garments and that he has no intention of cashing out: He wrote:

    “As I write this, the current market price is Rs 492 per share. I have no

    target sell price, and I haven’t sold a single share. Moreover, I feel good 

    that I invested in this pro-social, and yet highly profitable business – a

    combination I absolutely love.” 

    Unfortunately, the Prof did not voice any concerns or risk factors about the

    stock. Instead, he raised a rhetorical question in the note “What could proveme wrong in this investment? ” which was supposed to be answered by his

    elite students in class and to which the members of the public would have

    no access.

    It is notable that the Prof’s unbridled bullishness about Kitex Garments

    was/is in sharp contrast with the caution expressed by the analysts of 

    valuepickr forum.

    The valuepickr forum, co-founded by Donald Francis and Ayush Mittal,

    boasts of a large number of razor-sharp and knowledgeable members, each

    of whom keeps a red alert to ensure that junkyard stocks don’t slip through

    the tight cordon.

    Donald Francis raised the pertinent question  whether Kitex Garments was

    really that hot an investment opportunity given that “We have many 

    businesses which are capable of growing 20-25% CAGR for next 3-5 years –

    where we do not have these issues – transparency, consistency and strong

    visibility for next 2-3 years.” 

    He also asked  “What remains in the puzzle is how come Kitex is doing 20%

    EBITDA margins when the norm is 10%? is this sustainable? why? ” 

    He also explained  that “The key to proper in-depth research is not to take

    anything for granted. And to question anything that prima facie does not 

    add up” 

    Other members shared similar concerns about Kitex Garments. krishere

    expressed his worry  about Kitex’s “funny math”. He pointed out that the

    projections made by the MD didn’t quite add up.

    krishere also voiced what he called are his “major five concerns” about

    Kitex.

    Donald also issued  a clear cut “warning to novice investors” that “What 

    doesn’t add up – are big gaps between stated and what seems to be thecurrent picture”.

    Dhiraj Dave homed  in on what he called “concerns about management 

    conduct ”, one of which had to do with a huge cash balance which was

    mysteriously not earning much interest.

    Present market crisis will pass if not in

    days than in months,but we need to

    focus what after that? .We need to focus

    on 1.3 Billion Indian consumers for

    Secular growth stories .One will be

    Branded Apparel Play.What will be best

    play in this category to ride on urban

    consumers ??Can members help to find

    […]

    Enter your email address:

    SUBSCRIBE

    Prof Sanjay Bakshi’s Fav Stock Falls

    From Grace Even As ValuePickr Forum’s

    Ominous Warning Rings True

    Model Portfolio Update By ICICI-Direct 

    (Jan 2016)

    20 Top-Quality Mid-Cap Stock 

    Recommendations By Forbes India For 

    2016

    Forget High P/E vs. Low P/E. It Is A

    “Rubbish” & “Stupid” Way Of Valuing

    Stocks: Bharat Shah

    Rakesh Jhunjhunwala Defies Warren

    Buffett’s Credo & Pockets Fortune From

    Taboo Sector & Stocks

    kharb on Prof Sanjay Bakshi’s Fav Stock 

    Falls From Grace Even As ValuePickr 

    Forum’s Ominous Warning Rings True

    Harshad on Prof Sanjay Bakshi’s Fav 

    Stock Falls From Grace Even As

    ValuePickr Forum’s Ominous WarningRings True

    Anitha on Prof Sanjay Bakshi’s Fav Stock 

    Falls From Grace Even As ValuePickr 

    Forum’s Ominous Warning Rings True

    kharb on Prof Sanjay Bakshi’s Fav Stock 

    Falls From Grace Even As ValuePickr 

    Forum’s Ominous Warning Rings True

    Suvendu on Prof Sanjay Bakshi’s Fav 

    Stock Falls From Grace Even As

    ValuePickr Forum’s Ominous Warning

    Rings True

    SUBSCRIBE TO NEWSLETTER

    RECENT POSTS

    RECENT COMMENTS

    http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/#comment-6502http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/#comment-6503http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/#comment-6504http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/#comment-6505http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/#comment-6506http://rakesh-jhunjhunwala.in/rakesh-jhunjhunwala-defies-warren-buffetts-credo-pockets-fortune-from-taboo-sector-stocks/http://rakesh-jhunjhunwala.in/forget-high-pe-vs-low-pe-it-is-a-rubbish-stupid-way-of-valuing-stocks-bharat-shah/http://rakesh-jhunjhunwala.in/20-top-quality-mid-cap-stock-recommendations-by-forbes-india-for-2016/http://rakesh-jhunjhunwala.in/model-portfolio-update-by-icici-direct-jan-2016/http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/http://forum.valuepickr.com/t/kitex-garments-limited/946/120http://forum.valuepickr.com/t/kitex-garments-limited/946/107http://forum.valuepickr.com/t/kitex-garments-limited/946/103http://forum.valuepickr.com/t/kitex-garments-limited/946/77http://forum.valuepickr.com/t/kitex-garments-limited/946/73http://forum.valuepickr.com/t/kitex-garments-limited/946/44

  • 8/18/2019 – Prof Sanjay Bakshi’s Fav Stock Falls From Grace Even as ValuePickr Forum’s Ominous Warning Rings True

    3/7

    1/26/2016 – Prof Sanjay Bakshi’s Fav Stock Falls From Grace Even As ValuePickr Forum’s Ominous Warning Rings True

    http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?curator=alphaideas&utm… 3/7

    The issue of the alleged cash balance in Kitex’s balance sheet came up for

    frequent discussion with several members exclaiming that it is “ very odd ” 

    that the cash was being allegedly held abroad in apparent contravention of 

    FEMA regulations. sumi00 called it “sort of stupid behaviour which led to

    blow up of many mid-caps’ balance sheets during the last crisis”. “They 

    should have transferred to India and invested in mutual fund if they really 

    want to get higher returns” he opined.

    varadharajanr was also skeptical. He called  it “illogical ” that a company

    would keep Rs. 199 crore in an interest free deposit. “ I feel something doesnot add up here” he added in an ominous tone.

    PP1 was not at all impressed by Kitex Garments. “Some brokers, and others

    have been pumping up the stock, I suspect….” he said and later added

    bluntly “There is no moat here, I am afraid.” 

    varadharajanr pursued  the issue of the cash balance like a blood hound “I 

    have been only focussed on this over the last two days and I am convinced 

    that the Rs. 200 Cr. cash raises several questions” he said and proceeded to

    raise several red flags. varadharajanr was bold enough to liken Kitek with

    the scam-tainted Satyam “the Rs. 200 Cr. cash is a “phantom” cookie jar.

    Seems like satyam redux – through a merger with KCL, (so like satyam

    maytas merger), wipe out the cash and keep the scheme going ” he said. He

    added that he was “very very nervous” about Kitex Garments.

    Ayush Mittal, the co-founder of the forum also sent out a clear warning:

     “given the points raised and short-comings in the company, this investment 

    call can go wrong – so everyone please be careful and do your homework ” 

    he said.

    vivekbothra also sounded a warning: “Caution here : Managment has not 

    always walked the talk, you can go through last five years AR to verify 

    that ”.

    The specter of the huge cash caused so much concern that one intrepid

    member even called up the auditor  to “dig more into the truth of the 200

    crore cash “. Of course, the auditor assured him that everything was hunky-

    dory though he was described as being “very nervous”.

    The cash issue raised its ugly head again during the Q2FY16 results. The

    management’s assertion that it was waiting for the rupee to touch Rs. 67 to

    a dollar was mocked and termed as a red flag. “Mgmt is crazy over the cash

    issue…I doubt the Corporate governance of the company ” abhishek90 said

    while chiragjain1976 called it a “totally foolish thing to do”. richdreamz was

    also suspicious of the management’s reluctance to come clean on the issueof the cash balance.

    The rumors that something is amiss with regard to the cash balance of Rs.

    200 crore got some credence when Boby Michael, Kitek’s General Manager

    (Finance) and Chief Financial Officer resigned with “immediate effect ” on 7th

    January 2016. Rajesh_R voiced the concern of everyone on the forum “CFO

    resignation effective immediately doesn’t seem right. Could this be more of 

    a non-performance or personality clash or some financial mess up esp.

    related to 200 crores cash? ” he pondered.

    Meanwhile, before the management could offer any clarification on why the

    CFO resigned in the abrupt manner, the Q3FY16 results have been

    announced which caused the stock price to tank 13%.

    Some members at the valuepickr forum were openly distraught at their loss

    while others kept a brave face. KS16 mourned the huge loss that he had

    http://forum.valuepickr.com/t/kitex-garments-limited/946/405http://forum.valuepickr.com/t/kitex-garments-limited/946/209http://forum.valuepickr.com/t/kitex-garments-limited/946/311http://forum.valuepickr.com/t/kitex-garments-limited/946/306http://forum.valuepickr.com/t/kitex-garments-limited/946/297

  • 8/18/2019 – Prof Sanjay Bakshi’s Fav Stock Falls From Grace Even as ValuePickr Forum’s Ominous Warning Rings True

    4/7

    1/26/2016 – Prof Sanjay Bakshi’s Fav Stock Falls From Grace Even As ValuePickr Forum’s Ominous Warning Rings True

    http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?curator=alphaideas&utm… 4/7

    ←  Model Portfolio Update By ICICI-Direct 

    (Jan 2016)

    suffered “ All I can say is that from here, I will never take any concall update

    or guidance in face value. In India, anything goes and people can talk 

    anything, pull wool over one’s eyes, wash their mouth and move on….” he

    wept.

    The punters at MMB were equally distraught at the huge loss facing them.

     “Mr jacob cannot be trusted anymore-period. We are taken for a ride. ” 

     “Unfortunately Mr Jacob talks too much. He claimed full year revenue is

    secured INR 600 cr . Now GOD knows what will happen. Q4 cannot bemagical to have INR 250 cr rev. So the questioning is -Did he bull shit in

    CNBC after Q1 results” mossad demanded to know.

    Man111 smelt a rat in Kitex Garments “Resignation of CFO and GM Finance

    smell foul in the company. Most important is the cash flow is very much

    interesting” he said.

    Now, there is an important investing lesson embedded in the Kitex

    Garments episode. We have to see whether Prof Sanjay Bakshi unravels the

    lesson for us sooner or later!

    Related Posts

    Shareths

    Share

    Subscribe To Our Free Newsletter 

    Type Email Here   SUBSCRIBE

    investments , Mid Cap , Portfolio , scam , stock picker   analysts , Ashiana Housing , Ayush

    Mittal  , CARE  , Donald Francis , Global  , Kitex Garments , maytas , Mutual Fund  , satyam , scam ,

    stocks , Vaibhav Global  , ValuePickr Forum

    Meet India’s Best Ace Stock Pickers& Learn How TheyFind Mega Multi-Bagger Stocks

     Applying PorinjuVeliyath’s Theory,Prof SanjayBakshi’s Fav StockIs A Strong BuyNow: Experts

    Is Prof SanjayBakshi’s Fav E-Com Stock GivingUs A Chance ToMake Mega Bucks?

    Satyam andMaytas Fraud

    RakeshJhunjhunwala’s tipson how to findmultibagger stocks

    Prof SanjayBakshi’s FavStocks Suffer HugeLosses InCorrection. Is ItTime To BuyThem?

    http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stocks-suffer-huge-losses-in-correction-is-it-time-to-buy-them/http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stocks-suffer-huge-losses-in-correction-is-it-time-to-buy-them/http://rakesh-jhunjhunwala.in/rakesh-jhunjhunwalas-tips-on-how-to-find-multibagger-stocks/http://rakesh-jhunjhunwala.in/rakesh-jhunjhunwalas-tips-on-how-to-find-multibagger-stocks/http://rakesh-jhunjhunwala.in/satyam-admits-fraud/http://rakesh-jhunjhunwala.in/is-prof-sanjay-bakshis-fav-e-com-stock-giving-us-a-chance-to-make-mega-bucks/http://rakesh-jhunjhunwala.in/is-prof-sanjay-bakshis-fav-e-com-stock-giving-us-a-chance-to-make-mega-bucks/http://rakesh-jhunjhunwala.in/applying-porinju-veliyaths-theory-prof-sanjay-bakshis-fav-stock-is-a-strong-buy-now-experts/http://rakesh-jhunjhunwala.in/applying-porinju-veliyaths-theory-prof-sanjay-bakshis-fav-stock-is-a-strong-buy-now-experts/http://rakesh-jhunjhunwala.in/meet-indias-best-ace-stock-pickers-learn-how-they-find-mega-multi-bagger-stocks/http://rakesh-jhunjhunwala.in/meet-indias-best-ace-stock-pickers-learn-how-they-find-mega-multi-bagger-stocks/http://rakesh-jhunjhunwala.in/tag/valuepickr-forum/http://rakesh-jhunjhunwala.in/tag/vaibhav-global/http://rakesh-jhunjhunwala.in/tag/stocks/http://rakesh-jhunjhunwala.in/tag/scam/http://rakesh-jhunjhunwala.in/tag/satyam/http://rakesh-jhunjhunwala.in/tag/mutual-fund/http://rakesh-jhunjhunwala.in/tag/maytas/http://rakesh-jhunjhunwala.in/tag/kitex-garments/http://rakesh-jhunjhunwala.in/tag/global/http://rakesh-jhunjhunwala.in/tag/donald-francis/http://rakesh-jhunjhunwala.in/tag/care/http://rakesh-jhunjhunwala.in/tag/ayush-mittal/http://rakesh-jhunjhunwala.in/tag/ashiana-housing/http://rakesh-jhunjhunwala.in/tag/analysts/http://rakesh-jhunjhunwala.in/category/stock-picker/http://rakesh-jhunjhunwala.in/category/scam/http://rakesh-jhunjhunwala.in/category/portfolio-2/http://rakesh-jhunjhunwala.in/category/mid-cap/http://rakesh-jhunjhunwala.in/category/investments/http://rakesh-jhunjhunwala.in/model-portfolio-update-by-icici-direct-jan-2016/

  • 8/18/2019 – Prof Sanjay Bakshi’s Fav Stock Falls From Grace Even as ValuePickr Forum’s Ominous Warning Rings True

    5/7

    1/26/2016 – Prof Sanjay Bakshi’s Fav Stock Falls From Grace Even As ValuePickr Forum’s Ominous Warning Rings True

    http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?curator=alphaideas&utm… 5/7

      Comments

    kharb

    Whlat is written by Prof Baksh that he preaches valueinvesting,but most of time I see him as invester of 

    Duds.Any body can go through my comments iñ various articles andstock talk to see that .More over many of so called experts have beenin agreement or has been father of their Duds. Which can also beenseen in various comments.Without naming any stock or experts,manyof them suddenly start buying a dud claiming that they have found agem.Public also followed without knowing that many of these Duds arerolling stone till yesterday,what value addition magic can expert put inold Duds which have been lying dorment .There is simple game playedwith permoters,buy dud cheap ,make a beautiful and sexy griwth storyand dump it to inexperienced and those type investers who are insearch of quick money.Stock market can not give quick money butserious long term play of aprox 20% return in Quality fundamentalystrong sector leaders with some growth and pricing power .To memany of the new magicians in Stock market are Father of Duds.

    Reply

    January 26, 2016 at 8:36 am | Permalink

    kharb

    Latest magic sector found by Guru was real estate, asector known for notorious for destroying and foolinginvesters directly in stock market and as well in real estateinvestment ,although as always all builders are not same andmay be good ,but a diifcult game to find out among most.Kitexgarment future performance has been questioned by me invarious forms including stock talk.

    Reply

    January 26, 2016 at 9:03 am | Permalink

    Suvendu

    Dear KharbI don’t think Prof Bakshi needs to be called asfather or investor of duds. I been through several of hisseminars, wont call him out part of traditional valueinvesting club. He is entitled to his contrarian view whiletrying to define competitive advantage.Saying this I do agree, even today I feel uncomfortable tosome of stock pickings such as real estate, over hypedgarments company. With such poor balance sheet

    management, little protection…i wasnt convinced howvaluation can create a sustainable growth alone!

    Reply

    January 26, 2016 at 10:00 am | Permalink

    kharb

    I did not said Prof as father of Duds andhas great respect to our Prof Guru..Butsimply said that he advocated value investing, butstunnedto see him as invester of Duds.I may bewrong but sorry to say many of his recommendations

    made to believe me so.I shall be happy to be wrongand with Great respect to Prof saheb wish Good luckto investers in his recommendation.I wish Prof Sahebalso look into some bigger Mid caps or large capcompnies with authentic managements and trustworthy numbers for benefit of investers like me.Anyway sorry for harsh comments.

    January 26, 2016 at 10:30 am | Permalink

    http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/#comment-6503http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?replytocom=6503#respondhttp://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/#comment-6502http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?replytocom=6502#respondhttp://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/#comment-6500http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?replytocom=6500#respondhttp://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/#comment-6499http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?replytocom=6499#respondhttp://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/feed/

  • 8/18/2019 – Prof Sanjay Bakshi’s Fav Stock Falls From Grace Even as ValuePickr Forum’s Ominous Warning Rings True

    6/7

    1/26/2016 – Prof Sanjay Bakshi’s Fav Stock Falls From Grace Even As ValuePickr Forum’s Ominous Warning Rings True

    http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?curator=alphaideas&utm… 6/7

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Comment

    Name *

    Reply

     god 

    yes. bakshi is dk bose

    Reply

    January 26, 2016 at 9:59 am | Permalink

     Anitha

    Today it is Kitex. Tomorrow!!!! Ashapura intimate????

    Reply

    January 26, 2016 at 10:57 am | Permalink

    Harshad 

    Mistakes keep us human…every one has some failures in investing life.BM faced it with Hawkins, now Prof facing it with Kitex and Vaibhavglobal. Damani with Gati,One has to take all advise with pinch of salt, study your own, takenwhat ever is good for your financial health, leave out the rest.Some ideas click, some don’t, its individuals study and opinion.Investment is a journey , make profits , make mistakes but keepmoving on..

    Reply

    January 26, 2016 at 12:11 pm | Permalink

    kharb

    Although I am no fan of BM.But he atleast discussquality names,but recommending even at any cost ishis fault.

    Reply

    January 26, 2016 at 12:17 pm | Permalink

    http://-/?-http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/#comment-6506http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?replytocom=6506#respondhttp://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/#comment-6505http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?replytocom=6505#respondhttp://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/#comment-6504http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?replytocom=6504#respondhttp://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/#comment-6501http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?replytocom=6501#respondhttp://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?replytocom=6503#respond

  • 8/18/2019 – Prof Sanjay Bakshi’s Fav Stock Falls From Grace Even as ValuePickr Forum’s Ominous Warning Rings True

    7/7

    1/26/2016 – Prof Sanjay Bakshi’s Fav Stock Falls From Grace Even As ValuePickr Forum’s Ominous Warning Rings True

    http://rakesh-jhunjhunwala.in/prof-sanjay-bakshis-fav-stock-falls-from-grace-even-as-valuepickr-forums-ominous-warning-rings-true/?curator=alphaideas&utm… 7/7

    Email *

    Website

    POST COMMENT

      Notify me of follow-up comments by email.

      Notify me of new posts by email.

    Disclaimer: This is a Fan Site in Rakesh Jhunjhunwala's name. Rakesh Jhunjhunwala is not associated with us and is in

    no way aware, accountable or responsible for what is stated here. Further, nothing here constiutes investment advice

    for you to act on. Also, we have a vested interest, and are extremely biased, in everything that we say. So Mind It!Rakesh Jhunjhunwala

    http://rakesh-jhunjhunwala.in/https://plus.google.com/106294031387522901466?rel=authorhttp://wordpress.org/http://theme4press.com/evolve/