profit glass still threequarter full, page-6

My expectations follow BLY's previous guidance - I believe revenue will top 2+b for fy08. I am not concerned re debt so long as recent fat cut from personnel is directed toward debt reduction in the order of 150mil over 09. Not expecting a great reduction in dividends. Whilst a downturn has occurred, demand for resources has only seen production levels reduce to that of a year or so ago.
Forward looking I believe revenue forecast will be + 10-15% but with lower cost base - capex, labor, and cost of material all lower (material costs represent 48% of costs - prices dropped with dollar and resource prices will result in better margins).

SP - expect a slow rise to Thursday and then hopefully a bit of a kick up.
???????????????????????????????????????????