you 100% right a lot of investors rely on earnings! So for those like me who don't you can make some good money off those not paying out earnings in the future.
My take on things atm. Looking at GGP situation. They went into chapter 11. Their share price is currently $12 something. Simon Proporty put in a bid for $10 per share. Now looks like either Westfield will put in a join venture proposal or go it alone and the amount is tipped to be around $15 a share. GGP are massive! So it shows the equity required to buy us out is there if things go belly up. It also shows that SP's are factoring in worst case.
I like the analogy of when someone sold their stock when the ASX200 hit 6000.when it hit 7000 point everyone thought they where an idiot. Now their considered a smart investor.
MDT Price at posting:
8.2¢ Sentiment: LT Buy Disclosure: Held
