Plausible but again there's also the possibility of earnings rising next year. Management have forecasted earnings to be about the same as this year and they would have more insights then us. I'll go by what they say. Add in the 27 million wad of cash sitting in the bank and I think this is a reasonably safe bet with a high margin of safety. Upside may not be much but downside is limited with the total current assets to net liabilities. Add in the yield and it a reasonable 20 - 25% return for me.
now if only they can fix up the damn finance costs, what on earth is up with that...
CAA Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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