Serious red flag against the promoter group of saregama RP Sanjeev goenka family:
To quote from redboxindia’s twitter handle
“CENTRAL BUREAU OF INVESTIGATION (CBI) HAS REGISTERED A CASE AGAINST COMPANIES OF THE RP-SANJIV GOENKA GROUP ON CHARGES OF CORRUPTION, CHEATING AND CRIMINAL CONSPIRACY”
MQ & its perception can take a serious hit here. Have decided to sell rest of my stake as well.
https://twitter.com/REDBOXINDIA/status/1572434280684617728
Saregama investors must ask themselves to what extent their endowment bias is disabling them from processing incremental information & data.
Looking at Saregama Gujarati etc are missing forest for the trees. They are insignificant compared to saregama channel views and subscribers. Have done this exercise for exhaustively for many months
Looking at Spotifys July release is focussing on where the puck was, market rewards ability to judge where the puck will be. Of course that is a probabilistic question. Let’s see where we end up. Happy to be wrong coz it’s an epic co. Even if i am wrong in my sell decision the way I’ll evaluate myself is on what i did with that capital and the xirr it generated.
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