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Thursday, July 27, 2017

Noble Group plunges heavily today after profit warning and asset sales.

We did warn about Noble Group on a few occasions.  It is not surprising that its P&L won't look good because it had sold off its golden goose.

Don't think that a company can be saved whenever a white knight appears.  Sometimes, the white knight is also ignorant about the company and the industry.  The white knight is financially strong enough to pull the plug but an ordinary retail investor can wipe out his life saving.


Eric Ho said...

Eric Ho said...

Eric Ho said...

Noble default risk is getting higher.