brazin - why is this stock so cheap?, page-8

Hi munch,

it does look cheap and your right, almost no debt. However i noticed they do have almost 100 million in payables and only 9 million in recievables with 59 million in cash. Doesnt look like a good ratio in terms of current assets and current liabilities. I wonder whats going on there?

But just on half year numbers alone, its a p/e of 10. Pretty good hey. buy and hold for 1 year and could do very well. Might get some myself perhaps.

skippa