Tuesday, July 29, 2008

No such thing as coincidence

Taken from Alvin's Blog:


1. Singapore Inc’s Temasek meanwhile ploughed A$400m into ABCLearning at $7.30 a share 12 months ago and has watched almost 90 per cent ofthat evaporate.

2. Temasek had invested a total of $5 billion in Merrill in December and Februaryat $48 per share, but Merrill shares have fallen by about half since then.

This with a sudden "sprout" of ERP gantries? Do the math...

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