re: classic double bottom on chart It may be a weird...

re: classic double bottom on chart It may be a weird comparison..but

When BHP started its buy back yonks back it was a similar scenario. When the market (materials) turned it was wham bam. The price correction was a sling shot effect as rejuvenated earnings on dimished tradeable scrip made the market wake up and catch up.

Sugar prices are an unknown so dont hang you coat on it. Building materials however... well it cant slump forever. People need houses, population is growing, existing housing stock is now tight. Something has got to give. Rent returns sydney are bullish at a time paradoxically capital prices are falling. Soon, in fact now, real estate is a sound investment on fundamentals of return (not capital gains). commercial is also tight with great returns.

In short the real estate market has bottomed. Fundamentals will drive capital pricing, lack of housing stock will create pressure to construct and CSR will profit. Like BHP, by the time the market turns the buy back will be but complete, and bingo.

Ethanol will be a cute, but ultimately insignificant contributor. Barriers to entry are too small, and there are much more significant producers about to start up in asia. CSR no doubt will be lodging dumping compliants in the future, but they have good experience at this game with sugar.

Not a stock for quick trade, or even medium term bonanza. A bed rock for the portfolio that should see 5.00 in 24 mnths, but when it moves it will be quick.

good luck to holders. It might not be the best, but its the only bluish chip I hold.