re: ubs - cdr upgraded to buy
revenue growth is good, profit growth has slowed, margins are small though as is return on equity.
Trading on a current pe of 18 in a sector (dominated by Telstra) with a pe of 10. However analyst estimates put it on a 2006 pe of 12 and a 2007 pe of 10.
Maybe nervous sellers are concerned over what might occur if Telstra get desperate and think "fuk it" - the market hates us now anyway - lets shaft the opposition and get it all out of the way?
Also debt/equity for CDR might not be liked in the current climate?
CDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
