Is it absurd because it is such a low number? I may be undervaluing Euroports, but I stand by PD Ports and Westnet Rail. They aren't very good businesses, and they paid way too much for them.
Ports in Northern England, where they are reliant on oil drilling and manufacturing? Bearish.
A rail network that is unreliable, needs a lot of capex over the next 2 years and is exposed to the fall of the mining boom? Bearish.
I'm finding that HC is only really interested in the bullish story given the ratings of the posts. I can't believe my post correcting the myth that DB doesn't own any shares got down rated by someone!!!!!! Isn't this place about spreading knowledge?
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