where to now ?, page-6

Looking at my post on the 30th of August

Looking at stocks such as MTU at $1.85 that have released guidance today of 20.7 ? 22.0 EPS for 2011- and they always beat the guidance. So in 12 months it's a very fair bet MTU will be $2.40...a modest 30%. With CUS on the same multiple of 11 on a EPS of 17 ( I'm being generous ) I get $1.87. The risk is that if CUS dissapoints again what do you think will happen the the SP ?

CUS on the 30th of Aug closed at $1.88 and MTU at $1.84. I cycled my entire CUS holding into MTU over the following few days. MTU today is $2.46 + 5 cents dividend franked. CUS is
$1.755. Next challenge is to pick when to cycle some MTU back into CUS. CUS is an extremely well run company and are sure to have an bulletproof plan going forward after being given a brutal message vis the sell down.