EBITDA is 20 - 30 mill down from a projected 65 - 74 mill for 2008. Thats a big reduction. Given points made by Tails62 and the fact the projection is before INTEREST, tax and abnormals - I cant see a recovery to 40c anytime soon. Though I do believe CDR will recover its not going to happen quickly.
What is the interest amount on the 335 mill that is owing.
With the US about to tank and the ASX following there will be more oppurtunatey to pick CDR up at a far more discounted price (IMHO).
CDR Price at posting:
0.0¢ Sentiment: ST Sell Disclosure: Not Held
