SAV 0.00% 0.3¢ savcor group limited

bottom maybe in place now.., page-20

  1. 525 Posts.
    New to this stock, from today.

    I have made good money on big corrections of late, and the subsequent bounce. (HDF, NWH, TSM, HFA, FPA to name a few.)

    All these companies had good revenues, but were hammered by the current economic meltdown and their lowered profits or losses.

    Have a look at any of these share prices today...They are all recovered big time.

    If this company has a strong product (which it seems to), good growth history (again it seems to) and good management (can't tell for sure), then they will bounce back and fast.

    I mean come on, a market cap of $14 mil when they are saying they will make more than that in annual profit...

    Seems the debt is the worry for todays investors dumping, but $42mil (covenants or not) is not all that much compared to some of the other companies out there.

    This is a buy, as long as they can settle any covenants issues.


 
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Currently unlisted public company.

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