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EU Grants to listed companies – picking losers with your cash ( reverse Midas touch)

By Tom Winnifrith | Wednesday 10 July 2013

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

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.

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