I heard Michael Heffernan on Boardroom radio last Friday responding to a listener question re Leighton's recent share price. http://www.brr.com.au/event/54907/partner/theaustralian
His reply mentioned stuff that had been in the company announcements about toll road writedowns and also BHP mine closures, etc. Part of the reply went something like this. "It's not a stock that I would cast aside at this stage. It's one that I would be keeping in mind and looking at maybe buying some of the stock at an opportune time but when that is going to be I can't say. All that I can say is it's been hammered mercilessly in the past few months so it must be getting pretty close to being pretty reasonable buying value I'd say."
LEI Price at posting:
$15.89 Sentiment: None Disclosure: Held
