BSL 3.87% $21.09 bluescope steel limited

how long will bsl go?, page-36

  1. bpw
    4 Posts.
    So long as they can stop the bleeding by reducing
    workforce/unprofitable parts of their business and
    show some profitability within the next 2 years;
    why can't they just get another loan and roll over the debt?
    Its a company doing 6-8billion of revenue with a order 100M
    loss; it would be only require 1.25% adjustment to expenses
    to make them neutral and hibernate until iron ore prices
    drop (projected in 2012/2013 as supply increases). Drop
    in iron ore prices would have multiplicative effect for them
    as A$ would also come down as capacity meets demand in that sector.
 
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