Samir Kelekar wrote;
> The circle is complete. Open new mines in Goa, and the stock price goes
> up. And Goanet advises Goans to buy this share!
> On the one hand, Goans are protesting against Sesa Goa and on the other
> hand they are advised to buy Sesa Goa shares.
> Sesa Goa now owned by the Vedanta group is owned by a character called
> Agarwal, who was once a trade union leader in Balco, a company which he
> eventually bought.
> Orissa govt. is investigating Vedanta for fraud. This man Agarwal
> is a big time dubious character.
> We need to break this whole money system.
samir,
Out of curiosity, I took a look at the "analysts recommendations" for this
company as listed on Bloomberg.
There are 11 buys and 2 holds on this stock. No one is recommending a 'sell.'
The target price is US$124.94.
I looked carefully at the record of the analyst above that were reporting for
the western trading houses. I have never heard of any of them before so I think
they are based in India. The history of their recommendation's are decent.
Sesa Goa seems to be a good place to be at if you want to trade its stock and
make profits.
Having said this, some people filter in "responsibility."
Both corporate responsibility and ethical investment responsibility.
The way capitalism works is that the capitalist has to squeeze out the maximum
profits from his business (or die). Most capitalist would dump their waste
product into the river if given the chance. Some countries have laws to prevent
this from happening. Other countries, especially in the west, actually monitor
and fine the people who dump waste illegally. If you cant sleep at night
because your investment is poisoning the environment and peoples health, do not
invest in Sesa Goa.
Mervyn3.0
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