CXG
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2.27% 21.5¢ coote industrial ltd

This company is profitable enough to pay a ffr dividend. What...

  1. DSD
    15,757 Posts.
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    10/07/09
    11:05
    Post #: 5377161
    This company is profitable enough to pay a ffr dividend. What has collapsed the SP is 'Greentrains.' I have no inkling how greentrains will eventually pan out.... but if this issue is successfully resolved CXG's SP will double in a couple of days. So is it worth the risk to buy now at 27c? If you feel the earnings streams detailed in interim report can be maintained.... that alone will support the SP. So i am holding my recent purchase as feel downside is limited, compared with massive upside potential.
    CXG Price at posting: 22.1¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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