Iron, yep - I do ! when you get a situation, where approx. 50%...

Iron,

yep - I do !

when you get a situation, where approx. 50% of the asset value of a company, basically doesn't earn any sort of return (see ORG and STO when oil prices < 45/bbl) - mr market "writes-off" those assets from the earnings base of the company.......

in this instance, the tradegy wasn't vrl's fault, and they have lost circa 400-600k in attendances ........(scuse the "error" in numbers in prev post) - which is circa 30-45m in ebitda ......

the bankers obviously shat themselves - and forced a discounted issue to (partly) repair the bal sheet ........

it takes a significant amt of time to rebuild public trust post a serious incident at an enterainment facility ........I rekon we are 1/2 to 2/3's the way throu this process (so another year to 18 months to go).......



i'm not a "trader" .......I rekon this is a 2-year value play .......

the risks (as previously stated) - nil rebound in numbers ........

rgds
Value_Hunter