Being one of the stocks I have followed with interest, but never actually dabbled in, I went back through my past posts on CDR and came across this one I made on 22 Nov 07
"Regardless, I still feel CDR is a roll of the dice. A lot of positives (which have been enumerated before by other people).
My personal view is that on the positive side they are still getting new contracts and stores. On the negative side the "lifeline" loan recently provided by the banks would have come with heavy conditions (to give them time to organise a structured buy-out, or to find a trade buyer, for example).
If worst comes to worst, and the banks lose patience then they may well call in the administrators.
Not a stock I am prepared to punt on!!"
I must confess though, I was very tempted to buy some purely on the back of HH taking such a huge stake, and their past track record of picking undervalued small caps.
How could HH have got it so wrong - they finally held just over 19%?
CDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
