Quoting the newspapers is all very interesting though do you not suspect that the stories are in the papers for a reason ?
DJ's is structurally trapped. Either the dividend gets cut and all the hangers on dump it or the margins get decimated .... you choose.
Risking your money for a P/e bid might be a low probability / high risk strategy for some people but the bottom line is that P / E will need to borrow the money from somewhere and this is a business where profit is in decline..... people can spin it all they want but there is 0 growth.
Assets are a credit story. Earnings are an equity story. Buying equity for an asset play makes sense when the value of those assets is going to go up.... I don't think that anyone can realistically assume that in this case.
PZ has done next to nothing since becoming CEO. Amazed he still has a job. His presentations on startegy are verging on an insult to investors intelligence
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