The problem is CSR has bet the house on local manufacturing in a down-trodden industry. Building materials production may be the least desirous place to be over the next two years for share price gains.
Active short-selling by speculators will not help.
Adverse factors impacting price include: pending carbon tax, high exchange rate, upcoming wages push inflation, restricted consumer spending, credit tightening, interest rate fears and global economic uncertainties.
CSR Price at posting:
$2.73 Sentiment: Hold Disclosure: Held