FEA 0.00% 4.5¢ forest enterprises australia limited

Ann: Financial Covenants , page-21

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  1. 142 Posts.
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    Hi Joewolf,

    Thanks for the pointer, I also researched zwu's posting history and as it was mostly griping about MIS companies assumed he/she had an axe to grind.

    I have actually been thinking about investing in Gunns as a hedge to FEA or just a switch. As you say last man standing in a cyclical business is where you want to be. And forestry like airlines is a great cyclical business, forever moving from boom to bust.

    As for FEA, I am also a bit concerned, mostly by the lack of news which is never a good sign. But then I have a feeling that today's price could prove a bargain. If they survive an immediate 50% bounce would be on the cards.

    Fine balance between greed and fear on this one!
 
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