re: ceo update & performance guidance for 2004 crassus - you...

re: ceo update & performance guidance for 2004 crassus - you need a stop loss stratgy. You were warned so no surprise here -

Subject getting cheap, but.....
Posted 14/12/04 19:42 - 106 reads
Posted by acturtle
Post #456916 - start of thread - splitview

would you stand in front of a speeding locomotive, going downhill?

AVV chart is awful, looks like an insto is selling out?

But P/E and yield is looking very cheap on historical earnings.

And if at least the DVD arm is still growing, then shouldnt the next set of results still be OK?

AVV a clear case for selling on stop losses or trend breaks rather then trusting a good story. Down a long way from its high despite lack of news that things are really that bad.....?

Could be a good buy for the contrarian?

acturtle










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Subject re: getting cheap, but.....
Posted 14/12/04 20:11 - 107 reads
Posted by TheAnalyser
Post #456951 - in reply to msg. #456916 - splitview

acturtle, earnungs growth declined dramatically in the last report and forecast to decline further. CBA and another major shareholders have been selling.

I am however surprised that PPT has added to their position since the lower earnings forecast in October as they are normally fairly astute - although that was November and this is December.

The market does not have much tolerance for deteriorating results - recently FUN and GUD - two mid cap golden boys for a few years have fallen off the perch with less optimistic outlooks. Once they profit warn might be better putting the capital to use elsewhere and not giving the benefit of the doubt.