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15:31
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Originally posted by Madtrader
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Unfortunately I can't see anything but a significant write down in assets for CLH in the coming 6-12 months. I can post detail another time but as indicated previously nothing I do gets vaguely close to carrying value. If I'm right then will see negative eps, potential banking covenant issues depending on the size of write down (not exactly sure of the detail of those on the $119m debt pile) and the issues that result. Perhaps I'm wrong but if so please provide factual analysis as presently can't see objective evidence to the contrary. Would love to see alternate views.
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Great last couple of post Madtrader. You're likely to get some good responses posting this in the CCP forums. I'm in agreement with your analysis.
