re: i am new to the sharemarket
PSH have $42million of debt on their books. TOX have zilch.
I would want that debt reduced before I would touch this thing. If they have problems with their plant again, then it could be trouble for this company. Without so much debt, the share price would probably be trending up not down.
TOX has a much cleaner balance sheet, and more visible growth plan. EBITDA for TOX set to be $10million for 06/07. In addition TOX has much higher operating margins (30%+) than PSH (16%).
2 very different beasts.
TOX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
