"If you waiting to buy, I'd say you are too late."
I wouldn't say that. The sp is where it is because of one dud project that will soon be behind us. Everything else is going gang busters for Downer as the half-yearly report will show.
Pretty soon the first three Waratah trains will roll out of Cardiff and the media will cheer their commissioning. For shareholders, seeing the rear-end of the Waratah trains will be like having a lead weight lifted off their shoulders. Over 2011 they will keep on rolling out. (What a relief!)
I'm expecting (hoping) Downer will trend up for 8-12mths like it has done may times before.
DOW Price at posting:
$3.66 Sentiment: Hold Disclosure: Held
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