Engineering stks forecasting even a mildish downturn in future earnings has seen the mkt hammer the share price. A month ago MAH was smashed 27%, CLO a similar amount last week and today HST is down 11.7% after management indicated weak 1H11. I have always like Hastie's management despite the huge mistake in buying UK firm right at mkt top. HST well established in Oman (not Dubai) and are specialists in hospital refurbishment/construction regarding all things refridgeration. Not totally convinced, but bought back in (after 12 month absence) at 1.37.
HST Price at posting:
$1.22 Sentiment: Hold Disclosure: Held