My general view on equities is mildly bearish as I explained in my macro calls piece HERE. As such I will be serving up 5 longs and five shorts as my tips of the year. The first long was HERE and the first short HERE. Now for Number 3, Globo (GBO), the sort of flim flam that will suffer badly in a bear market.
I have been bearish on Globo (GBO) since the mid-seventies and so its shares have almost halved since I weighed in. at 39p the market cap is £132 million and for 2015 I would expect the shares to halve again, or worse.
Globo throws up a series of red flags for any investor but I will leave the most serious to last. But in no particular order other than leaving the best/worst to last here goes:Read the full article on ShareProphets | Comments