The famous investor Li Lu, who considers himself a disciple of Charlie Munger, has a wonderful lecture about stock-picking. It’s on YouTube.
His investing technique is picking totally out of favour, down on their knees companies. Vijay Kedia also is also a remarkably successful exponent of this strategy.
Of course, the trick would be to identify companies which show the yearning to recover.
SKM Egg is down some 30+% from its recent price. Continuous lower circuit.
The company has in the past seen dizzying rises and equally steep falls. There are some interesting opinions here in this thread, which indicate that the decline in its financials must be temporary.
Time to take a plunge?
Disclaimer: I have dipped my toes a bit today.
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