Yes looks very cheap on P/E ratio. But what would we prefer as shareholders? pay down debt or pay a dividend? Lack of dividend holding it back I would say (it stops me from buying). I wonder how much swanning with the brokers Bob Hughes does to tell the HDX story, because this stock looks a little unloved...? I used to cross paths with him on the pit floor many years ago, nice bloke and very hard to imagine in a suit... Looks like a good buy for the next 2 or 3 years when expansion is easy and cashflow is put to work on paying down debts & starting up dividends. will put on my watchlist.
cheers gosouth
HDX Price at posting:
38.0¢ Sentiment: None Disclosure: Not Held
