BLY 0.92% 54.0¢ boart longyear group ltd

should be a good trade, page-29

  1. 49 Posts.
    A company to get into this state of affairs has absolutely been miss-managed and how the CEO can command a huge salary is beyond me. A full restructure and selling off on assets should of been done years ago instead of lying around waiting for the recovery. Having a workforce of thousands doing goodness know what was beyond me.

    The reason why people are still discussing this stock is because:

    Management have over promised and under delivered
    People have been absolutely burnt from this stock

    Do I hope that there is some form of turnaround YES....but likely No...I bet Centerbridge are regretting the day they jumped into bed with this company. I believe that there is now a huge risk for ALL stakeholders....

    Just my 5 cents worth as that is really all my shares are worth now...
 
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Currently unlisted public company.

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