As expected BSL reported a very strong 1Q09 and reasonable 2Q09. But the outlook is so dire for BSL sales that management have forecast a loss for 2H09. Hence, dividend has been slashed from 22c to 5c!! Bad moon continues to rise over BSL. SP is a fraction of what it was since current CEO took over. Notice the use of 'unforeseen changes' in his statement. Pity someone earning multiple millions cannot forsee changes the average cab-driver can. Avoid.
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