CXG 2.27% 21.5¢ coote industrial ltd

earnings justify buying the stock

  1. DSD
    15,757 Posts.
    I have bought back into CXG today. This is despite remaining very bearish re world mkts and general economy. CXG has been smashed due to 'Greentrains' failure to be successfully hived-off. But (as i understand things) the locomotives are all in work. CXG has aprox 8 separate earnings streams and only one failed to do well last half-year. SP deserves to be higher IMO and any resolution re Greentrains will see a massive change in sentiment. Until, i hear otherwise from company i assume things are pretty much same as they were in February when interim was published. Way oversold. def DYOR
 
watchlist Created with Sketch. Add CXG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.