jpmorgan rates bly as overweight, page-6

But Morningstar rate it as avoid. Maybe someone can get the full article I can't.



Boart Longyear Limited BLY | $.11

FY09 earnings guidance

Recommendation: Avoid


Event

BLY expects FY09 revenue to fall 35-45% below FY08, with EBITDA margin down from 22% to 11-13%. These estimates are based on current rig utlisation and production output across manufacturing facilities.

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