DOW 0.87% $5.71 downer edi limited

"DOWNER EDI lost $248 million in market value this morning after...

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    "DOWNER EDI lost $248 million in market value this morning after taking a $250m provision over its Waratah rail project. "

    Interesting comment from the article

    Stocks are valued on the basis of earnings going forward.
    Any lose will be reflected in the price.
    Downer was worth $1,551m. it had a lose of $250m
    It should be worth $1,301m
    343m shares
    $3.79
    Price today at close is $3.61
    could be undervalued.


 
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