David Shapiro: Homework, not blind faith required with fallen angels like DSY, ASP, SOL
In this week's edition of Rational Radio, SA's favourite market commentator David Shapiro wades into the investment market controversies surrounding Discovery, Sasol, Blue Label and Aspen. His advice: the shares may look really cheap, but before knowing that for sure, you'll need to do your homework – and wait to see a recovery in the prices before jumping aboard. – Alec Hogg
David Shapiro is our man on the markets. It's interesting, I asked Mike in that interview, what makes you different? What's the secret sauce? And he said they realised a long time ago that they had to grow their own timber. They had to promote their own people internally and it really is a big distinction. He was saying he loves it when he sees companies trying to find chief executives from different parts of the world because it just shows that they haven't really been approaching the basics correctly.
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