I hold this stock. They must be very close to giving a market update on trading performance since buying the Cat businesses. This industry is booming due to mining/infrastructure works.
Good buying started 2 days ago after it has been relentlessly hammered for weeks....
So maybe news is finally coming?
This I believe will be moment of truth for NHR as it will determine whether they paid a good price for the Cat businesses or not. Profits will be up significantly but it is a question of by how much and what sort of PE is the comany trading on.
acturtle
I hold this stock. They must be very close to giving a market...
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