what is going on, page-15

Maybe this?

0902 [Dow Jones] STOCK CALL: Asciano (AIO.AU) cut to Sell from Buy, and, citing a "crisis of confidence," slashes 12-month target price to 82 cents from A$6.08 vs AIO last A$1.72. Lowers EBITDA forecasts by 14% in FY09 and 20% in FY10 due to slowing global economy, now expecting AIO to post a loss over next 4 FYs, including a A$93 million loss in FY10. Analyst says AIO needs to raise around A$2.1 billion and should make 2-for-1 rights issue at deep discount to remove uncertainty over monetization process, adding "with more pain expected in the near term before any gain emerges, we advise investors to cut their losses." (WEL)