Hi All, I have been in and out of amu over time and am glad that I chose not to be a long term holder. Over the last few years the Asset to liability ration has gone from about a positive 3X to a negative 2X, and other than "acts of god" only poor management can be attributed to this performance. Management only own around 7% of shares in the company so why the hell do they keep getting voted back in ???? Some of the assets are wonderful and there, at this stage is not an over abundance of shares on issue for this stock. As far as I can see, the last purchase of this stock by the directors was at around 30 cents a couple of years ago, this would imply that they are either poor or don't believe in the companies direction (either way bad news). The good news is the potential to rally of a low has traditionaly been strong for this stock, although it does seem that alot of true believers are exiting. perhaps its not a bad spot to enter for short term gain over the coming days.
cheers
AMU Price at posting:
22.5¢ Sentiment: Buy Disclosure: Not Held
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