A 4C drop in sp the day he takes on the job was probably not the welcome present John Douglas was anticipating. He has a big job in front of him explaining to the shareholders where the future of this company lies. The half year results were disappointing but even worse was the lack of direction as to how things are going to be fixed, or for that matter how soon. Cost cutting and lamenting the GFC, stimulus spending impact etc... doesn't really paint a picture of how this company is going to be turned around. looking forward to some more proactive responses and positive news. A buying opportunity if there is a plan.
COF Price at posting:
71.2¢ Sentiment: LT Buy Disclosure: Held
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