SBM 6.82% 20.5¢ st barbara limited

tim lehaney took too much risk

  1. 5,069 Posts.
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    looks like he has taken a perfectly good cash generating business and is making it a debt laden business at a time where there is a very real risk pog may continue south to $1000 , which would make it an unviable business. Now in my mind one cannot run a business at a loss for too long ? sooner or later it will go under. Or perhaps it is deliberate to dun it down to the ground so that NCM can pick it up on the cheap. Keeps everyone happy, keeps everyone in a job, except for shareholders ...buyer beware
    one would think this is heading much much lower...its being propped up as we speak but is likely to crash soon imo...i could be wrong though...i often am....
 
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