Well, this is a timely article which has just appeared:
http://www.bloomberg.com/apps/news?pid=20601081&sid=adOaZTMhiTbo&refer=australia
This quote is great:
“The valuations are only as good as the rubbish you put into them.”
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- jb were slashes rating on cer & cnp to a hold
jb were slashes rating on cer & cnp to a hold, page-17
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