BLY 0.00% $2.91 boart longyear group ltd

Looks like they are very serious in making some movements to...

  1. 39 Posts.
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    Looks like they are very serious in making some movements to reduce their debt.


    http://www.drillblast.com.au/Article/Boart-Longyear-needs-to-reduce-debt/481190.aspx

    The thing is, I think they are overly conservative in their approach...considering the whole drilling business is picking up. ~40% of their company's entire portfolio is selling the drilling equipment, I would expect just satisfying this demand would see a quite positive 2H09 result.
 
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