“CMA fundamentally remains strong and the company is well positioned to re-bound having a strong foundation and management team in place,” he said. “We feel confident about CMA’s ability to weather this challenging period and remove ourselves from the eye of this perfect storm.” CMA Chairman Mr. Alan Good said the board was disappointed with the revised profit guidance but had elected to adopt a conservative view given the prevailing conditions in the world markets and the fact the ultimate impact of the global financial meltdown was still unknown. “CMA is a very sound business, with great businesses and very good prospects” he said.
CMV Price at posting:
9.3¢ Sentiment: None Disclosure: Held
