News: Quickstep presents at the Australian Micro , page-7

re: News: Quickstep presents at the Australia... With the constant harping on about SGL Carbon by a specific poster with vague references to 'google it' and see how wonderful it is, I couldn't resist.

I wonder if the poster in question has actually googled it himself as what I found was anything but encouraging.

Highlights, or should I say lowlights include the following:

'Of 19 analysts surveyed by Bloomberg, 15 have sell recommendations on the stock and four say hold.'

'The company makes about 16% of sales with its unprofitable division for carbon fibres and composite materials used in airplanes and rotor blades for wind power generation.'

'Project shifts and continued high development costs at the fibres and composites unit mean SGL will take an impairment charge of as much as $196 million in the second quarter, the company said. SGL partly owned by BMW has now reduced its EBITDA forecast twice this year.'

'The net loss for the first nine months of the year was $375 million.'

'The company expects a 50-60% decline in EBITDA this year.'

All of the above is information that can be found from the following articles which I have provided the links to below, needless to say after what I found I am more than happy to be invested in QHL rather than SGL.

http://online.wsj.com/article/BT-CO-20131107-701598.html

http://www.bloomberg.com/news/2013-06-28/sgl-drops-most-in-10-weeks-on-profit-target-cut-frankfurt-mover.html

http://www.bloomberg.com/news/2013-04-18/sgl-carbon-shares-slump-after-profit-warning-frankfurt-mover.html