You obviously haven't had alot to do with business. Many businesses expect to grow, but that doesn't always mean they will. In an industry where the reliance is on a few contracts which come and go, it is in fact very difficult to predict what will happen, especially in such a difficult economic climate.
My research shows that CLO is still well placed to move forward in the next few years, they have some excellent forward contracts in place and I just don't believe that management have done a bad job, and it's easy to abuse them without any facts or knowledge of events.
I do not hold CLO by the way, I suggested earlier on that I would wait for a signal that the shareprice stabilises before re-entering.
Afterall you should take all available information into acount, shouldn't you?
CLO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
