I think the pipeline is possibly turning out to be a double edge sword. It appears to me the acquisition of EMC has bought about a legacy of debt and dubiously delivered projects that are heomoraging cash because they aren’t priced or delivered properly. So in effect CCE it looks like they are working themselves into a bigger hole. Im still not clear about how this business is actually performing, seems to be too many question marks. Until they actually deliver some profit, the jury is still out. The problem is no one knows when that is because we kept getting fed flimsy one liners. Look no further than this announcement. Never a more vague or loose document tabled, typical CCE bravado!
CCE Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
