Interested in your comments...why do you think they are cheap? Do you have any analysis you can share with us? I have been looking around and I have not seen anything since the GSJBW report in Feb which shows a debt laden company with earnings threatened by changing tax legislation. The report also shows gearing is at 100% in an environment where bank debt is hard to come by. The report assumes 33% sales growth between 2008 and 2009 which, if true, supports a higher valuation. But on what basis do we see a 33% increase in sales? Debt is around $800 million.
TIM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
