Do your own research but in my opinion: This is why I would buy / Top up this stock.
1. This company hasn't reported a loss, but reduced profit from what was expected, So doesnt deserve a 25 % decline in SP. 2. Potential of another $ 0.86 divvy, making the yield 4.5 %, Average mortgage interest is 3.95 % these days, we all know how low is the savings interest. 3. Good financial health of the company with interest coverage ratio in a very good state. 4. Soon to start buy back of 10 % shares. 5. 93 % of available shares are owned by big boys of the town (Just makes me feel comfortable, dont know why) 6. Preferred contractor for QLD government's cross river rail project. 7. Government plans to invest 100 billion in its Infrastructure investment program, and CIM has the capacity to get future contracts.
Hoping for SP to touch the $ 50 mark in near future.
