The only certain information in the HY report is that they will be cash flow & pehaps EBITDA +ve. P&L statement is not that consequential. The crunch will be their balance sheet. They may be good at collecting cash, but not paying their creditors with large liabilties. Regardless, this thing has gone silly & completely out of kilter with a moribund sector. One really has to see a broad pick up in the sector to be comfortable with a sustaind uptrend.
BXN Price at posting:
2.7¢ Sentiment: None Disclosure: Held
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