Ann: Financial Covenants , page-21

Hi Joewolf,

Thanks for the pointer, I also researched zwu's posting history and as it was mostly griping about MIS companies assumed he/she had an axe to grind.

I have actually been thinking about investing in Gunns as a hedge to FEA or just a switch. As you say last man standing in a cyclical business is where you want to be. And forestry like airlines is a great cyclical business, forever moving from boom to bust.

As for FEA, I am also a bit concerned, mostly by the lack of news which is never a good sign. But then I have a feeling that today's price could prove a bargain. If they survive an immediate 50% bounce would be on the cards.

Fine balance between greed and fear on this one!