Agree with the above, i should elborate i was not supprised that IOH made No.3 (no.1 re Australian stocks), re risk vs reward, but was surprised that TRF made the list at all. This does not mean that i thought AAM should make the list either.
In fact i think TRF and AAM are both not worthy of a top investment list as they both have some proving to do to shareholders before they earn that level of respect from a broker recommendation in my opinion. However, on the flipside i can see why they may make a list on the basis both have gone backwards whilst most stocks in thier respective sectors have ran hard forward significanty- therefore if either could get their act together they could increase easily 50%-100% in value.
therefore, this qtr's profit will be a telling tale for AAM.... and any excuses will be just that excuses pulled out of their rear end.
$6m in debt for AAM really is not too much if they could turn a $2 -$3m profit for the qtr. I hope they had sense to curb thier continued bullish sentiment for ASX.
AAM Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held
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