If Minelab sales continue to fall it will need to make another acquisition but alas has its newly found debt position to negotiate through first. Risks are huge and thus we have a value play or a value trap. I have read a couple of reports and they don't expect EPS to grow 20% over next three years if Minelab sales don't get a move on where bottom end of valuation range is $5.70. Those that are selling have solid and valid reasons - I am holding and accumulated more as I think forward p/e of 10x is a little on the low side and think dividend yield at 4.5% is fairly safe for now despite Minelab and debt issues.
CDA Price at posting:
$6.80 Sentiment: None Disclosure: Held
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