CLH 0.00% 22.0¢ collection house limited

I'm always concerned when EPS drops for a collection agency and...

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  1. 599 Posts.
    I'm always concerned when EPS drops for a collection agency and the founding CEO walks the plank when the going gets tough.

    I'd suggest there may be some systemic underlying problems which have been uncovered, the old man has been "tapped on the shoulder" and a clean up process is under way.

    What should be a performing stock has dropped to its lowest point in the last year.

    Yield is ok if the earnings are flat or blossoming, however with gearing ticking over at 40% there appears to be some restraints on EPS growth.

    Worth a look closer to 80 cents but may need some strengthening of the balance sheet in the near future.
 
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