Rocketman, you obviously have no clue about this company other...

Rocketman, you obviously have no clue about this company other than their last announcement, what a load of absolute crap. Do 10 minutes of research on the companies that make up NOD, their history, current contracts and who they do business with, before you blatantly downramp with a sky is falling post. 5c in the dollar of bank debt recovery? lol. Do you even know what their NTA are? Worse case scenario here is a failure to return to profit and selling off of part of the company - one of the divisions that is causing the main problem cheap. It's a conglomerate of mostly profitable divisions that as a group has stuffed up their forecasting and stuck thir head in the sand over the effect of the GFC and the exchange rate on the profitability of previously won but ongoing work. The Sp may settle further down - who knows? But it's hardly a paper company selling pretend gemstones.

I figure the funds are still crunching numbers and interviewing management to try and put a price on this thing. Right now we are hovering just above NTA only so not much goodwill at this stage towards the co and they if they don't like what they find out may discount a bit of those NTA further. Or they may decide it's a temporary problem and forward contracts are likely to turn this around this year - in which case yep, back up we go - can't see it getting back over $1 tho for a long time.