info@avatto.com
+91-9920808017
0. BU Airlines has taken INR 1.1 billion of debt and is unable to service it. The stock prices have been falling and some investors are accumulating the stock in the hope it will rise soon. Most investors are unaware of the health of the lossmaking airline. The research team at Emitus Investment Management, covers the stock and wants to publish an adverse opinion on the stock. The firm‟s policy does not permit dissemination of a negative opinion about a client, as it was the underwriter when BU went public two years ago. The best course of action is:
defy the firm‟s orders and issue an adverse opinion as loyalty to clients takes precedence.
to put BU on a restricted list.
issue a favorable report for now as the airline industry is volatile and the company may turn around.
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