COF 2.95% $1.22 centuria office reit

Hey Guys,I reckon the short sellers are having a bit of a picnic...

  1. 1,301 Posts.
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    Hey Guys,

    I reckon the short sellers are having a bit of a picnic at the moment but not for long.

    The downgrade was nothing to get miserable about - on the contrary it shows responsible management.

    For example they weren't prepared to hire staff at any cost and saddle the company with long term salary liabilities so they let a few contracts go/slip. That's fine by me.

    Another example is the write-down on Project Mngt. That was a good move, rather get in and do it than wait for the Auditors to spring it on you at the last moment !

    This turn-around is going just fine and I am busy buying from the shorts/nervous nellies.
 
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