funny .. just been looking at cdr for a little today.. lots of debt.. but still pulling in business (refer to their website news) and renewing big contracts.. branches around austrlaia still opening up... banks still think its going to stay afloat offering another $20m .. presumably CDR had to convince some sceptics at the banks that this is only a temporary lapse.. 25 yrs in the business.. market cap is battered atm.. so long as CDR stays afloat .. this one is going to return a minimum of 100% at its current share price within the next few months.. banks are convinced it will bounce back.. looks more likely than not someone is going to come along and lend a hand.. or even give her a piggy back.. i've got my eye on this one.. bargain.. at first sight.. and second sight.. risk is there.. but looks oversold to say the least.. 120m net assets.. 78m market cap.. fire-sale of assets would net 120m.. but i doubt she's going down.. just doesnt stack up.. strong business capability
CDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
