The Motley Fool free service is the classic write heaps of articles, run with the winners with repeat articles and forgot the looses, then sign people up to the service and make money... 90% of what is written on their website is blown up to encourage people buying the paid service... and yes there is always differences in writer opinions... For many it is still an okay read though - I read there stuff. The writers are bound by having to write articles every day - imagine if you needed to right now, today, tell me your three or five best stocks, then do that again tomorrow and the next and the next day - bet many will tank.... Unfortunatley this is the reality because people respond to this type of media hype (take one look at the major papers, ASX LOOSES $60 BILLION OVERNIGHT!!!) - everyone wants a get rich pill, and not many make the time to do there own in depth research.
All this said, take another read of the CLH report, and listen to the interview with the CEO... CLH have chosen to NOT buy low margin risky debt... Small term pain for a long term gain IMO, the great defensive business. There is going to be an influx of bad debt in australia due to closing of a lot of heavy industry, I feel this will creep into the major capitals - one look at engineering consultancy and it already has! Let the others buy the risky debt, lets stick to purchasing debt with a stable margin... CLH have a solid relationship with the ATO and CLH have a great track record of collecting debt by keeping long running relationships with their clients (people with debt)...
All IMO, I will be looking for an entry most likely between $1 and $1.20 - need to crunch some numbers though... Still a great defensive play and to those who have lost money, remove the SP, if your not a day trader don't worry about capital gains/losses - worry about the underlying stability and future growth of the company - if this is there everyone will profit from years of increasing dividends!
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