Hasamax,
You posted "Surely this is the best buy on the ASX at the moment. Even with market confidence shot, this should be trading over $30."
Perhaps you should have a close look at their most recent cashflow document.
I remember looking at their cashflow statement probably some 12 months ago when they were probably $45 plus & telling my broker their cashflow statement told a different story. Time has proved me right.
Until they produce a reasonable result in their cashflow statement expect further bad news.
Perhaps a little examination of the accounts of shares you hold wouldn't go astray.
Good businesses are more than dividends, they have to generate high cashflow over a number of years, not consume capital.
Regards
Buffett
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