like watching a slow motion train wreck, page-29

yeah everyone bags management when in fact what has happened has been a 180 degree change in course of the expenditure plans of clients

thats not to say the fwd board arent drongos - the absurdity of 2011/12 valuations and project plans was obvious and anyone who got caught up in it deserves a serious comeuppance.

its whats called 'drinking the cool-ade'

but to date i really havent seen any eggregious mismangement outside of the way they set up their portfolio in the first place. but there are so many ion that basket - i say just let bygones be bygones and look to find value in their mistakes

i think it can get back to around $3 next year. the mining related sector is having its gfc event now and the bargains you pick up will be like the banks you bought in 09 - though the recoivery will be shallower as its a lesser business model.