results analysis - diversified, page-9

Socrates

I find your analysis a little one sided.

You focus on revenue but do not appear to address costs. You point out that non -diversified revenue is currently declining faster than diversified revenue is rising. Fair enough seeing that paper sales world wide are in a long term decline. However the move to diversification is helping. More important however is the effort to reduce long term costs so PPX can return to profit with a declining revenue base. Sure many of these costs will not fall in the short term but we can be sure Andrew Price and the Management team are focused on this while trying to keep the banks onside.

Until we get a better idea on how this is going, all else is speculation.