Cabot China & Emerging Markets Report recommended DB at $42.46 in Investment Digest issue 727, dated September 19, 2012. Subscribers were advised to sell half their position at $47 in the February 25 Daily Alert.
“Deutsche Bank AG (DB $45 NYSE) is now rated Sell. We sold half of our position after the nasty decline in late February that brought down most foreign banks, but it has barely been able to get off its knees in the two weeks since. It might bounce further, but we think there’s downside risk here should Europe’s financial problems flare up again; at the very least, we think there will be better places for your money when the Emerging Markets Timer turns positive. SELL.”
- Paul Goodwin, Cabot China & Emerging Markets Report, March 14, 2013