Today jp power venture announced sale of two of its power plants to help reduce.debts by almost 9900 crore Rs.
However the stock as of writing is down by almost 10%....
An interesting status ... even though their debt is reducing by 1/2 the stock is down....
Reason is very much simple... they have sold off good assets...earning assets ... because in trying times only good assets sell ... not the bad ones.
So what does this mean for us as personal investors?
Simple... don't bite more than you can chew..
Don't take on more debt that one runs after to show off or to run after fast returns...
Small returns but more times with low risk is better ... because boond boond se ghadga bharta hai.
That's simplefinancialsense
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