The guy has no credibility in the Australian he says that rising interest rates will hurt BLY profits.
Did i hear wrong or did he say rising interest rates??
I dont think the guy knows much about BLY or the drilling sector.
Their margins are much higher than people think, much more than constuction companys.
Anyways $700 in debt is nothing cos when the sector picks up which it is already BLY will be making 200+ million net profits.
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