Aanjaneya Lifecare IPO

Alchemist · #1 11th May 2011, 11:07 PM

I am not applying for this Aanjaneya Lifecare IPO and I suggest that all of you stay away from this stock.

The IPO closes tomorrow and so I just posted my view. I am sleepy right now and will add more about it later.

Tulsian has done a good analysis of this one:

S P Tulsian - Only Aanjaneya can take care! - Premium Investments

magnet · #2 12th May 2011, 01:07 PM

Quote:

Originally Posted by Alchemist

Tulsian has done a good analysis of this one:

S P Tulsian - Only Aanjaneya can take care! - Premium Investments

I read that earlier and was shocked these days instead of suggesting to enter he is on avoid mission.

But of-course is analysis in last few IPO is turning right.

Alchemist · #3 12th May 2011, 01:28 PM

Quote:

Originally Posted by magnet

I read that earlier and was shocked these days instead of suggesting to enter he is on avoid mission.

But of-course is analysis in last few IPO is turning right.

The quality of IPOs has fallen so low, a common "avoid" call can be given for all IPOs.

Now I understand why Benjamin Graham was so skeptical about investing in IPOs.

Quote:

Benjamin Graham, the father of value investing and much of modern security analysis, recommended in his treatise The Intelligent Investor, investors steer clear of all initial public offerings.

Should You Invest in an IPO - Investing in an Initial Public Offering