Obviously the world has changed but CQU are in the right media - the only media where increased spending is going to occur - albeit at a much slow rate than the recent past.
However, CQU are reasonably well placed, have some money, have the backing of CWT and the ANZ have waived the debt covenant.
Given economic conditions, CQU will probably ride out the current doom and gloom, not spectacularly but Ok, IMO, by paying their interest bill, consolidating their business and, I hope, having learnt some lessons!
CQU Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
