Honestly surprised to see such a negative sentiment here, irrespective of the companies ongoing issues. Some of you are even a little too upset about it. This same rhetoric reminds me of the naysayers when WBC was apparently doomed at $15~ because of AUSTRAC, money laundering claims etc. Blah blah blah.
Have you all forgotten we live in Australia? Australian regulators will give this the usual slap on the wrist, stern talking to and will continue to operate business as usual. A few things might change here and there to appease the sticklers, and it might not happen overnight. But it will get there.
At $6, $7, $8 or whatever it falls to - Crown is looking like a great opportunity for the medium/long term. A prime candidate for a takeover as well. Look no further than Sydney Airport recently. Quality Australian assets will be looking as tantalising as ever, for the same reasons.
All my personal opinion and from a cursory glance.
FWIW - I really like Star, too.
CWN Price at posting:
$8.83 Sentiment: Hold Disclosure: Not Held
