garrye I also hold CWP in my portfolio and this is how I see...

garrye I also hold CWP in my portfolio and this is how I see them.

Current P/E 11.2 - not stretched.
Div yield 4.7 ff - quite good.
50% payout ratio - conservative.
Roughly 16% gearing - handleable.
10 years of 15% compound growth even with subdued share price.
Capable management with directors holding 30% of CWP.
Aust Foundatiion Inv. holds 5.8%
36% of development site are in very good locations in Victoria.
Share price has dropped in line with WA related stocks.
Only thing I am wary on is the South Hedland development.

But do your own research before committing.

Cheers Riv