Toll should have been smashed yesterday.But wasnt....

Toll should have been smashed yesterday.But wasnt. Weird.
Something is up.

1. Buyers may be circling as stated. I hold no proof of this....just valuation logic.

2. The company has already been priced for $200 a barrel oil and it has quite a diversified business model with very little debt that may give it insulation in these markets, from this priced for doomsday level.

3. Id much rather own Toll Holdings with an Asia focus than Westpac (that just massively overpaid for St george and has RAMS) or Macquarie or Babcock with pending writedowns.

4. Toll has sold off a very long way from 15 to 7 on VBA and oil. SP has it valued at zero anyway.

That said, Tuesday will be ugly.

Peace