Saurabh Mukherjea of Ambit Research has a razor-sharp mind and can be trusted to think out of the box. This time he has homed in on 5 stocks that meet the “greatness” test and are at the cusp of a turnaround
Saurabh Mukherjea has conducted a very systematic and detailed study into the concept of what is a turnaround stock and at what time one should buy them. At the end he has identified 5 top-quality stocks that qualify on all parameters as turnaround stocks that investors can buy for great profit. He has advanced the powerful argument that (a) 85% of great Indian companies self-destruct; and (b) the average probability of a laggard company turning around over a five-year period is 2x the average probability of a great company staying great over this time frame. Successful investing in ‘turnarounds’ is therefore, to put it mildly, important for investment success, he says.
Leave a Reply