RFE's stock has dropped from A$0.5 to A$0.11 over the last twelve months, according to its chart.
BLY's stock has plunged from A$0.7 to A$0.2 over the last twelve months, according to its chart.
This significant drop did not happen accidentally, although the general indexes rose a lot over the last twelve months. This happened because both companies have very weak balance sheets with a ton of debt.
Both companies have very high Net Debt to EBITDA ratios. They cannot actually serve their debts.
I can show you numerous indebted companies that followed a similar pattern.
AZZ is in the same situation pro forma the latest debt (notes), and both RFE and BLY are study cases for AZZ and its future. This is my humble opinion.
AZZ Price at posting:
52.0¢ Sentiment: None Disclosure: Not Held
