My expectations follow BLY's previous guidance - I believe revenue will top 2+b for fy08. I am not concerned re debt so long as recent fat cut from personnel is directed toward debt reduction in the order of 150mil over 09. Not expecting a great reduction in dividends. Whilst a downturn has occurred, demand for resources has only seen production levels reduce to that of a year or so ago. Forward looking I believe revenue forecast will be + 10-15% but with lower cost base - capex, labor, and cost of material all lower (material costs represent 48% of costs - prices dropped with dollar and resource prices will result in better margins).
SP - expect a slow rise to Thursday and then hopefully a bit of a kick up. ???????????????????????????????????????????
BLY Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
