Yea, I agree with your analysis. I don't think it is undervalued, I guess I just said that because I hadn't done enough research to proffer an opinion other than pointing out that it was certainly not a little gem.
Personally, I think that there is nothing compelling about the current share price. It's quite clear that coal mining in particular is in for a tough couple of years. Given the debt, and the margin pressure, I would probably be a seller if I owned shares. Mercifully, that is not my dilemma.
Good post... I'll go back to looking at better prospects now!
DSB Price at posting:
35.5¢ Sentiment: Sell Disclosure: Not Held
