CXG 2.27% 21.5¢ coote industrial ltd

earnings justify buying the stock

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  1. DSD
    15,757 Posts.
    I have bought back into CXG today. This is despite remaining very bearish re world mkts and general economy. CXG has been smashed due to 'Greentrains' failure to be successfully hived-off. But (as i understand things) the locomotives are all in work. CXG has aprox 8 separate earnings streams and only one failed to do well last half-year. SP deserves to be higher IMO and any resolution re Greentrains will see a massive change in sentiment. Until, i hear otherwise from company i assume things are pretty much same as they were in February when interim was published. Way oversold. def DYOR
 
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