Finch what you say could be true but with a pe of 8 to 11 on forcast and rising interest rates ccp looks like a bargain with 25% of stock chaned hands in the past to trading days l would say its been sold down as far as its going. Unless another profit down grade comes. But for me l see the situation now as a bonus for all those who bought in the last couple of days, it will put a rocket up management and say to then pull your act togeather. Sends a message to employees and l am sure most would have shares and no one likes to lose money to pull your fingers outs chase down the credit defaulters. Plus in in the end the profit downgrade wasn't for lack of work it was caused by over expansion and in the next 6 months when more fully trained staff are chasing down defaulters we could even expect maybe a profit upgrade. But finch its easy to sit on the fence would you short ccp l know l wouldn't be game enough. those that do do those that can't do teach.
CCP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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