primitive baboon slips on banana : buys at 50c, page-7

I'm not saying CEU is not going to survive, I believe they have an amazing asset out there not only from the financial point of view but from landscape and engineering. The problems I see in the short to medium term are: (1) lack of confidence on the management after failing on forecast on traffic figures and capital initiatives not announced on the AGM; and (2) the reduction on the dividend to 2c giving a 5% yield, which in comparison with some other stocks out there (ie: ANZ, GMG, MQG, etc) seems to be very poor, other that given the lack of confidence you’re not even sure that this figure is what they’re going to pay.
In the long term I believe this asset is stupid-proof, you can place a monkey as a CEO and still will make some money out of EastLink, but in the current situation I would set my target price on the stock on 20 to 30 cents, and probably in 2 years growing back to $1 to $1.10 mark.
There are better opportunities out there; you just need to be open.
Good luck either you hold, buy or sell…