cba sold out, no long a substantial holder, page-13

The Prophetess: hastie where at $5 when RIO tinto was at $150 bucks, centro where at $20 bucks and BNB where at $20 bucks. They all had positive outlooks.

The fact is the market was on a massive bubble which we all realise now. What you need to do is make your assesments on Hastie now not based on previous fortunes. Looking at them in the current state while they have taken a battering it can be seen their making progress.

You got to decide in the current market if they are a good buy. Yes things have and most likely will take a big more of a hit looking at the current economic outlook, However I think most of this has been written in.
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If you look at distros for 09-10. Allowing for dilution and reduction in debt if they could achieve the same results, which were down on previous years. Youd be looking at about 3c. very few stocks trade at 14c that are likely to pay 3c distros so you can assume some negitive economic effect has been written into this price.

Even if they halved their profitability to 1.4c that would still be a 10% return and likely to push the SP higher.