All of the People, All of the Time?
In September 1990, Carr, Kitcat & Aitken published an investment analyst’s report on Polly Peck International PLC. The company’s shares were then trading at approximately 260p each. Impressed by the strength of trading in Polly Peck’s food and electronics divisions, the Carr, Kitcat & Aitken analyst predicted a substantial improvement in pre-tax profit in 1990 and 1991. He recommended that Polly Peck’s shares be bought at their current price of 260p.
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