buying because of where its been instead of whats happening to the company /- you will have more chance at a formal casino.......no doubt many up high were cheering they got some of their losses back yesterday
what asset did you buy for you money?....let me tell you
Numbers below all taken from the reports,check out the top line
Now put in 1295 aud, check out what it does to margin Then do some simple maths to see what is likely to happen to EPS this QTR and going forward, then divide that by the current share price and see what enormous multiple it is trading at Then be aware no DIV being paid then look up the size of the companies debts then consider what a 87 plus reduction in the margin in the last 72 hours is going to do to cashflow Then consider how they are cutting costs, the flow on affect to future production Then consider what an asset would be worth that is producing 87 less per unit today than it did monday Then consider who on earth would pay book value for that asset Then consider who would finance it Then consider if you think the company has enough capital to sustain its business when the price of the goods its sells if plumetting every week Then consider the company has NO control over the market in which it sells its goods
Then hope that there is enough window dressing today to get your money back
NCM Price at posting:
$9.90 Sentiment: Sell Disclosure: Held
