BXB 1.85% $15.38 brambles limited

increase in revenue, profit and new business, page-13

  1. 5,583 Posts.
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    sigh, so the company misses all their profit targets for FY2011 and we here are to think that the share price should keep marching higher because some of the same institutions say so. Even so, the mean target is $7.53/share. And the current price is $7.35/share... or about 2.5% of upside remaining in the stock price. Suits me fine, a further loss of 2.5% and a 2%pa borrow fee compared to an interest rate gain of 6.5%pa. Works out to a 2% gain for nothing, wouldn't mind adding to my short position :)
 
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