Hi vfrioni, I bought some straight after the guidance a couple of weeks ago. There wasn't much stock available but I grabbed a few to keep me interested.
It sure is cheap with a great track record of growth. Strange situation with the ex husband and wife owning 96% of stock but I read where they will probably sell down a bit in time. The top 20 list from the IPO is a laugh. The No3 listed shareholders had 10,000 shares!
I spoke with the CFO a couple of weeks back re the high debt. She said the debt ratios had always been around that level. Its just the way the business worked.
I think mid 30's will be easily achievable based on the value it offers. The full year result should make the market take a bit more notice
DDR Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
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