Struggling with both WOW & COL both have working capital deficiencies. I'm stunned the COL annual report doesn't cover the fact that cash, debtors & stock $3.265bn is not sufficient to repay creditors of $3.38bn, and nothing seems to have been said about either on HC or any forum I've read. I know it's largely a cash business, but I'm surprised there's not more focus on this, especially as it props up the SP with an improved dividend (using creditors money). I've heard rumours that suppliers are constantly waiting for lengthy payment terms from both, but this just seems strange not to get any coverage. Happy to hear if my analysis isn't correct.
COL Price at posting:
$13.76 Sentiment: Hold Disclosure: Held
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