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March 16, 2006

Phew no flu! - time to make a killing

Here's a sure-fire investment tip. Come to Addis and buy every chicken you can get your hands on.

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Prices have dropped as low as 8 birr a bird over the past weeks, amid all the worries over avian flu. Today, however, government scientists announced that initial tests on dead birds from a farm in southern Ethiopia had not detected the dreaded H5N1 virus.

The news is sure to filter out on to the street soon and prices are sure to rise. Chickens cost as much as 35 birr before the scare. Anyone who buys low and sells high could be talking about a 438% 338% return on their initial investment. It's a better bet than Google.

Posted by aheavens at March 16, 2006 04:45 PM

Comments

The fasting season of Lent may have added a little to the drop in price, but it has been a long time since I heard chicken at 8 Birr. The smart buyer should stock his backyard now with chickens for Fasika festivities.

Posted by: weblogethiopia at March 17, 2006 04:07 AM

Errr, the fall in price for chickens could also be lent? So, no worries, you got about 40 more days (56days Ethiopian Orthodox lent minus 16 already behind us) to set up a highly profitable chicken racket.

Posted by: Dina at March 17, 2006 05:07 AM

Fishy..

Your return on investment is defined as the amount gained divided by the initial investment, expressed usually as a percentage. Thus, in this case, your hypothetical chicken entrepreneur would feather his nest with a 338% return (27/8*100).

The closing price of Google March 16 2006? You guessed it, 338..

Posted by: wonderchops at March 17, 2006 06:27 AM

Thanks for all the cultural and arithmetical corrections. I should really give up on this snide commentary and stick to what I know best which is .. err

I can't believe I missed the "feather your nest" line. And the Google thing is just scarey

Posted by: andrew at March 17, 2006 09:41 AM

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