No debt is the only thing going for DWS atm.I'm glad I offloaded...

No debt is the only thing going for DWS atm.

I'm glad I offloaded the bulk of this stock when I did as I can't see it recovering on the back of their last announcement for a long time. My main issues are:

- Buyback hasn't defended the 1.00,.90,.80.60 marks, don't think it'll save the .50 either
- Sydney has imploded for them
- Key sales staff have gone
- History of not adding value through acquisition (mention by Fin review)
- Cash reserve is 42% of it's 2007 mark with rising costs

I think it will come back, but if you are buying, it would be for the long term game. IT services in Australia is going to be a tough market in the next 12-18 months.