Wednesday, June 9, 2010

Spice Jet.....my call vindicated...

Goldman picks up 6% stake in SpiceJet

MUMBAI: Goldman Sachs Investment Partners Mauritius on Tuesday picked up 6% stake in SpiceJet by converting the 1.5-crore warrants it had purchased from the airline in December 2008 into equity. The airline has allotted 1.53 crore shares of Rs 10 each at a premium of Rs 29.46 per equity to Goldman Sachs consequent upon conversion of same number of warrants earlier issued to them on preferential basis, SpiceJet said in a filing to the BSE. SpiceJet has received government approval to fly to several Saarc countries. — PTI

My Comments:
I gave a call on Spice Jet and now I am reading today that Goldman Scahs has taken 6% stake in it.....friends ,what more one want from a person who is not MBA, CA or IIM?

3 comments:

  1. lol, of all the facts, Goldman is known to be the biggest thief around. and if you feel vindicated by what Goldman does, then god help you. this is ludicrous

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  2. nick,
    u r back....well, one of the greatest investor, a living legend, Warren Buffet have stake in Goldman Sachs.....I don't have to listen about Goldman Scahs ,who are peanuts in front of WB....

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  3. @Goldman, Whatever they are, they are at their best. Regarding the adjective you have used for GM, well everybody is alike, except the one who is caught. I beleive they are the epitome of financial services industry, the principle of caveat emptor is applicable in all trades.

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