All Governments across the globe have an appalling track record when it comes to picking stockmarket losers when it comes to handing out grants and loans. Ask President Obama about Solara? Remember John De Lorean? And with the EU unable to get its own accounts signed off without qualification you would expect that it would be the worst stock picker of the lot. You would expect correctly.
In light of Avanti Communications (AVN) profits warning today, I offer up a list of PLCs that have secured EU grant funding. It seems like an ideal short portfolio. The list may not be complete but it is a starter for ten.
on Shareprophets | Comments