got up and 4.30am and spent hours analysing dozens of shares on...

got up and 4.30am and spent hours analysing dozens of shares on my watchlist. I knew from 2008 days that speccies are hammered most in a downturn and small caps usually (but not always) are next. Also anticipated that margin-calls would be flowing across thousands of computers and that brokers/cfd providers are ruthless re margin-calls these days after bad experience 18 months ago where they are still battling to get cash from some clients. In the end i narrowed list down to just 5 shares. Right at the top was ASZ.
I am rock solid re ASZ as vast majority of earnings are from long term mainly Govt contracts. These extend on avearage for about 4 years and if the Aussie govt defaults ... well we are all history. The same principle applies with MAH.Looong contracts with blue-chip clients or civil work for various state govts.
Choices 2,3 and 5 haven't triggered but was very close indeed on 2 of these. sigh. However, my #4 choice did go through which was MAH at 61.5c.
Can MAH fall further? It got massacred in late 2008 when commodity prices collapsed... and that remains a risk. But MAH was badly run then with far too many staff and poorly constructed contract terms. I could (and will) write paragraphs in a later post why i am bullish. My reckoning is this stk is good buying at below 63c.
But like everyone else am substantially down on my portfolio again today. My short positions have been a huge cushion though.
Have any other readers bought MAH today?