LEI
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1.67% $20.71 leighton holdings limited

Looks like the selling is over for the moment. Distressed...

  1. courau21
    174 Posts.
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    13/10/08
    15:38
    Post #: 4382779
    Looks like the selling is over for the moment. Distressed selling by a major holder on Friday

    bought on friday at 2810. Earnings for next year(+15%)are pretty locked in cf with financials( profit downgrade?).

    If you believe that infrastructure spending will stop in a global recession, then the SP will move towards low 20's.

    As the federal govt is accelerating its infrastructure spending, I think that at current levels it offers great value for a 3-5 yr investment horizon.
    LEI Price at posting: $31.29 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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