possible cheap buying opportunities, page-2

Agree SP500 - looks to be a good buy at these levels.
The downward movement since mid Feb doesn't seem to have had much volume. With the 15 to 20% downgrade on 2010, I est. should give EPS of roughly 21c PS.
Even if final div kept steady with interim payout of 5c this gives a yield of about 6.2% ff currently.
I noticed in the press last week that Linfox is investing $68m in Perth to service the resources industry. It's customers include BHP Fortesque & Gorgon gas field.
Bit more competition, but one would think there should be plenty of work in WA in the forseeable future.

This is only how I see it, so do your own research.
Riv