I with you FW. As I said earlier, they have lost focus, things are hazy now. And I was being partly tongue in cheek about not understanding accounting. I just want to know what methods they are using. I'm getting reasonably good at sorting through EOY reports, and tomorrow I'm sitting down for a few hours of instruction from a good friend of mine here. He used to be # 2 man at Prudential Australia before retiring two years ago. Going to go through a couple of companies past reports and show me what their analysts looked for, poked holes in, liked/hated etc. Tuition is a couple of drinks. Then I'll practice on next IGR report.
AS for the rag business, I know it's tough. We have several friends here in Bali who've been in the business for a long time. Shops here and export to Oz, design here, manufacture in Java, and they say they have never seen it so tough. The only one who is doing ok is a woman who mostly exports to US.
IGR Price at posting:
37.0¢ Sentiment: LT Buy Disclosure: Held
