where is the downside?, page-3

Oakey,
Be careful.
TAP has had great fundamentals for years. It has provided a steady income for its directors and staff from its steady Australian income.
It has never paid a dividend and enjoyed a consistent loss of shareholder wealth.
What's good for the company and staff is not necessarily good for shareholders.
This is a company that spends its income drilling wildcat wells in Borneo, Ghana or Timbuktoo instead of paying dividends.

bacci