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Ann: 2020 Baird Investor Presentation, page-8

  1. croasian1
    121 Posts.
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    22/11/20
    07:10
    Post #: 49045542
    I agree with that completely, Crescent have mismanaged the Australian business for the last 5 years.

    The relevant question is not what happened in the past but what will happen in the future and how the probable outcomes relate to the price the company is selling at now ($142m).

    From 2014 expectations a $40m profit would be unreasonably low but from today's price it would be an unexpected windfall.
    CDD Price at posting: 35.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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