re: cap raising
They're not that bad. They're just ultra conservative and have been calling most things a sell just before the bull market took off. Only had a few buy reccos and one of them (MRL) just got bad publicity.
Overall their reasoning is quite sound, if someone too safe. They called Babcock Japan Property Trust a sell because they couldn't handle the risk of an earthquake in Tokyo!!
As for ION - they called it a HOLD just before it collapsed. It never had a favorable rating on it. I think ION's collapse took many by surprise, even the top market pickers. They did make a note though that with a net debt to equity ratio of over 100% only those with a speculative penchant should still be holding this.
SSS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
