FEA 0.00% 4.5¢ forest enterprises australia limited

Ann: Financial Covenants , page-12

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  1. 296 Posts.
    No disrespect, but you speak of me being new to MIS as if that is a bad thing! You are right, I took the view that the MIS was a bubble and think I've been proved right.

    But collapse of bubbles does not mean the underlying businesses are not viable (look at the tech bubble and the internet now).

    The question about these companies is not whether they can keep getting the MIS money (which we know they can't) but whether they can turn around the business to get money elsewhere. In this line I don't know why you want to refer back to 07/08, the question is whether they are making money now. The 09 figures indicate that they in fact made more revenue than 08, given this was not MIS revenue this means they have weaned themselves off MIS at the right time, the question is whether they have done so fast enough.
 
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