Front page article in today's Brisbane Courier Mail lashes huge waste incurred in Australia's foreign aid spending. Story details the number of big contracts going to half-a-dozen firms and says money is wasted across several areas. Beurocrates(sic) are also in firing line. COF heads the list of firms mentioned with $312m in Aid contracts and CDD is close behind. I'm not sure everything in article is well-founded and very likely COF&CDD will respond with vigour, but i have little doubt today's bad press will see a sell-off in these company's SP. Holders should ask themselves :is this a temporary blip or likely to affect future earnings over next few years?
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