Just be careful - any new CEO might find it easier to announce writedowns early on in their leadership and blame previous mgmt....seen it done before, get the bad news out, blame past mgmt and fix the company, walk away a hero and nice pay packet. Not saying this will be done, but there is a risk you need to decide.
Also, the company has significantly modified its business model when it was trading in the $2-2.40 range. This effects profitability - need to decide whether the new model makes as much as the old model.
And will everyone stop talking about revenues. Only profit counts, margins! Go back to basics...revenue - costs = profit. Simple stuff....just like interest costs increase when interest rates rise....
Sorry to be a downer, but sometimes it's the hard decisions you have to make to save your portfolio...where is 'trend is your friend' from the technical chartists? Don't try to catch a falling knife.
Can someone tell me what the ASX code is for Onetel please?....I thought not.
CDR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
