Oakey, Be careful. TAP has had great fundamentals for years. It has provided a steady income for its directors and staff from its steady Australian income. It has never paid a dividend and enjoyed a consistent loss of shareholder wealth. What's good for the company and staff is not necessarily good for shareholders. This is a company that spends its income drilling wildcat wells in Borneo, Ghana or Timbuktoo instead of paying dividends.
bacci
TAP Price at posting:
53.5¢ Sentiment: Hold Disclosure: Held
