new announcement!!!, page-63

BH - I can understand your EBITDA calculations, however have you considered the cost savings that Management has initiated?

For example, in 2008 Admin, selling and marketing expense amounted to approx $300mil. First quarter 2009 this expense was reduced by 34%. Lets extrapolate to the entire 2009 and use 30% reduction. This amounts to $90mil that would go direct to the bottom line.

Furthermore, inputs such as steel, diesel and labour have also reduced.

Based on these assumptions, EBITDA for 2009 could easily exceed $100mil or $0.06 per share.

Am I missing something here?