only read the post you are referring to because of your reference to the actual posting, as i only just recently bought in myself.
in a way, i can understand the panic sell by US instos, as Encore's antics have not instilled confidence in the industry.
that said, i am a bit worried about Baycore, regardless of so called debt, as they are number 1 in NZ already, and their reported Aussie business logistical figures seem very impressive.
if the figures reported were in doubt, i am sure that CCP or the regulatory authorities would have pounced on the opportunity to correct this misnomer via media.
that said, current forecast EPS growth of CCP is only 10% at best, which under the circumstances, is not mind blowing.
at the current sp , you are now in PE 12 territory and PEG well over the 1.00 mark, but then again the ex div is virtually "tomorrow", so that could knock it down to sub 10.
my gut feel is this- it has a tad more wind in it"s sails, so you could probably get a 5% turnaround in sp spurned by the local brigade, but the overseas instos will not touch it.
DYOR, but it won't help as in this case -figures do actually lie.
cheers crazypunter
CCP Price at posting:
$10.15 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)