how low can you go!!, page-12

14 months ago i wrote: "COF does no maintaince-type work as far as i know. It needs runs on the board particuarly foreign-aid contracts which are its speciality. Impossible to forecast how next 12 months will pan-out."

Unfortunately things have gone from bad to worse for Coffey. No decent contracts=no income. A merger looks likely. Will CDD be interested? Problem is COF won't have many chips to bargain with. Avoid.