According to the business channel on Fox, the market is being weighed down by the resources stocks. The market is off 6% (this year I think) whilst resources are down by 12%. If you equate that to SDL and use Hanlongs purchase price of 40.5 and assume that was fair value, that would put SDL at about 35.5. Maybe we are roughly where we should be prior to any more solid news. Cheers, KB
SDL Price at posting:
34.5¢ Sentiment: Hold Disclosure: Held
