The state of the co. rests directly at the feet of Mgmt.Blaming high AUD, carbon tax,govt.policies,eco.cond. etc. is plain simple stupid,the export mrkt. was running at a loss when the AUD was 75c three yrs. ago,but mgmt. were not sharp enough to react,instead waited 3yrs. before making a perfectly normal decision of shutting down the loss making export sector of the business.
Apparently productivity in the co.is at the lowest ebb, from what i have been told workers get unlimited sick leave, so everyone needing elective surgery is out having it, and then sitting at home for 3-4 months at a stretch on full pay, this to me seems like a play house,so how on earth could they be competitive in a global situation,i doubt they could make money if they sold drugs, they'd stuff that up to, gives me a head ache to think how did i invest in this sort of junk, i would be happier if they went broke and lost all my dough, then to see them continuing to do business, this mobs business model doesn't exist anywhere in the world
BSL Price at posting:
55.9¢ Sentiment: Sell Disclosure: Held
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