Certainly doesn't appear to be the doom and gloom story painted in the news. Revenue is forecast to increase 12% to $95M but due to inventory reduction and a writeoff of some goodwill they will post a net loss of between $4.8-7.5Million.
ANZ happy for a short term long so they must not have any doubts about getting their money back.
Dividends still going to be paid on etw/pb and the pb's look mighty cheap in the short term.
All in all, I think its a good reaction to a more difficult operating environment which doesn't look to impact sales substantially. Just have to see what the market does and madness may send it cheaper??
How did you guys read it??
ETW Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
