at last count, CSR's business segments were reported to be worth the following:
Sugar 1.5b aluminium 1.0b building including glass division 2b property division 450m
Total is 4.95 Billion. Current market cap is 1.9 billion. Even if we discount the above values by 50%, its still worth more than current market value. Stock has to be worth $2.50 when good times return. It has to be a buy at these levels, but nothing to say it wont go to $1.20. I bought more on friday. Gotta be a good takeover target now ha?? who would be the suitors for the stock?
skippa
CSR Price at posting:
$1.77 Sentiment: ST Buy Disclosure: Held