They are still forecasting profits and cash flow, and that is expected to ramp up in NZ with World Cup and move into the country.
There is an article in the fin review today on them, claiming they have engaged an outside broker to look for a buyer, and claims with their profit and cash flow, this should be a real possibility at these prices.
There are much worse companies out there, and the business model is proven to work.
Flagging some "perceived" economic realities, and saying the company is dead, is a big difference...I dont' agree that they will flounder further, but in view of the economic realities, the whole share maket could be in for trouble, but at least the current SP is highly discounted already, so DYR.
Just my 2 cents.
CUS Price at posting:
78.5¢ Sentiment: Buy Disclosure: Held
