CIY 0.00% 3.6¢ city pacific limited

I must say that I currently don't hold at present but have been...

  1. 5,787 Posts.
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    I must say that I currently don't hold at present but have been looking for reentry. I can't understand your position Milken. Just because they are a finance co doesn't mean they will falter. Those types of thoughts are what drives the markets one way or the other. You need to do more research. Their divie is over 10% which is enough to hold the stock. Everyone is obsessed by sub prime etc and puts everyone in the same basket. I have recently heard of a story from someone within one of Australias major international banks and they are very happy with their position and say that subprime has not effected then at all.

    Trying to pick up MFS's assets for nothing is what its all about. Why pay more than you have to. Getting it cheaps is MFS's problems not CIY's - thats good business and will only strengthen the board and their ability to pick up good acquisitions at a good price. I cannot see how it will harm them. MFS need to look in theor own backyard.
 
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