Ah Fabias, but you forget the one for one split of Rinker Group. I sold the shares at just short of $20 each for an enormous profit.
CSR made the error of moving into glass and now we have the right downs following that, an error of judgement and costly.
We know we received a bundle of cash from the Sucrogen sale so we can't expect to receive a dividend on that as well. My money is in FWD that pay a good dividend.
We have a debt free company with over $100 million in cash. Many a predator may well be running their slide-rules over CSR.
CSR Price at posting:
$2.95 Sentiment: ST Buy Disclosure: Held
