RondogI have to agree with This-Is-It the figures you have...

Rondog

I have to agree with This-Is-It the figures you have posted on CLO are not that bad and you would need to look at the financials in detail to work out why revenues are up but earnings per share are down.

There is notheing in these figures that even slightly suggest the mamanagement are doing something wrong or making money disappear as crooupier has implied.

To answer your question as how the company can be busier than ever and revenues up but bottom line figure down - here are few more likely reason that would probably prove correct if the financial accounts were looked at more closely

1. Cost and time blow out on jobs either through bad planning and costing or other problems out of the companies control.

2. Delay in completion of contracts.

3. Contracts in early stages of completion

4. Due to the long term nature of the type of contracts undertaken revenue and costs even attempts are to do so do not always match up. Look up account standard AASB 1009.

All of these are more likely than some wild claim the management are conducting some form of rip off.

It has over recent times proved prudent not to treat with caution any thing said by any company but the situation is not helped either by making wild baseless claims.

End of the day though would I buy CLO shares now? No because regardless of what this or any company has going for it I do not buy shares in a down ward trend.