StratoYou picked a good time to get out of NTC. In the absence...

Strato

You picked a good time to get out of NTC. In the absence of any big deals until June 2012 I can't see NTC turning a profit, actually I am expecting a loss as NTC prepares for the NBN deal. Considering NTC have suspendied publishing their earnings guidance, it is a fair call. On the positive side, if the global economy worsens, the AUD will fall (good for NTC) and I can't see the demand for NTC's products falling. It is fair to say that NTC's market is somewhat recession proof.

Look for some improvement in the share price in the first half of 2012.