I agree with your comment on Eastfields. It should have been the first thing the due diligence team looked for. The fact that they missed that, the fact that no one appears to have questioned the increase in revenue (caused by double counting), points to incompetence. The higher gross margins and the cuts to expenditure, point to a change and maybe a better future but it is certainly a gamble.
BUD Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
