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Investbooks – Investing, Business & Finance Books

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Investbooks – Investing, Business & Finance Books | investbooksreview.wordpress.com Reviews

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Business & Investing Books reviews, Offers on kindle books.

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How short-termism wrecks a company – An imaginary tale | Ant Investor

https://antinvestor.wordpress.com/2016/06/06/how-short-termism-wrecks-a-company-an-imaginary-tale

How short-termism wrecks a company – An imaginary tale. Asymp; 14 Comments. As i noted in my first blog post. In August 2011, Company “T” came out with IPO and raised around 112 crores from the public. In FY 11, its total income was 41.15 crores and posted a net profit of 9.2 crores. As expected, Investment bankers, PE investor, and management priced the IPO issue at astronomical price (50x its diluted FY 11 earnings! IPO had a poor stock market debut and ended 14% below issue price on Day 1. Will it not...

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