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Exact(31)
Still, analysts caution, investors are not sinking money into I.P.O.'s indiscriminately.
Lower returns and faltering reforms may make firms coy about sinking money into the ground.
But foreign investors are wary of sinking money into a state-controlled enterprise.
They have no security of tenure, so sinking money into the cavity wall would be a bad investment.
Venture capitalists call their strategy "spray and pray," sinking money into lots of different startups in the hope that at least one will be the next Facebook.
Investors, desperate to profit from Brazil's hydrocarbons bonanza but wary of sinking money into state-controlled Petrobras, had nowhere else to turn and piled in.
Similar(29)
"It's sunk money.
Entrepreneurs discover these costs only after they have sunk money into the project.
Most of his dairy competitors, he says, are politicians who "can afford to sink money into it".
He sank money into printing the magazine on higher quality paper, only to find that it was a waste.
The Rembrandt turned out to be a pupil's work, indeed Lawrence sank money into several errors of judgment.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com