@stoneral33 Where do you get your facts from? - "top heavy in middle management who like going on their interstate and overseas junkets ..enjoying the shareholders cash at the golden slipper race day party.. dividend unlikely"
I'm looking at the company past 10 year history, they have certainly come a loooong way and it would seem quite odd now to sell considering Chinese imports risk is not news for the past years. The management have been dealing and responding to it accordingly every year.
Correct me if wrong - Dividends past 2 years is less than 50% of earnings which is good, inventory levels are stable and cash increase more than expense increase. No bad debts either. Return on equity slightly low below 10, but fundamentally looks like a well managed company.
Will just have to wait for the reporting on 22 Feb to know for sure.
CAA Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
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