Personally I enjoy page 119 where the provisional accounting for SGS does not take into account national hearing loss, they are sitting on a nice 50 to 120m of cash there. A lot of crap and scare mongering being written on here, in my view only suckers are selling at these levels. I am more than happy picking up additional stock at clearance prices. Proof will be in the pudding, that's a 1.15bn pudding mind you.....
For those crapping on about impairments have a read of the Cash generating notes and sensitivity disclosures, there is massive wriggle room here
Similarly those crapping on about debt being called in, whilst not privy to the covenants share price has nothing to do with it, all the maturity profiles are 2018.
I must say the deliberate manipulation of this stock is a concern, no doubt there will be at some stage an investigation into shorting
Good luck all
SGH Price at posting:
$1.94 Sentiment: None Disclosure: Held
