Sir Loin,My old comrade from IWI.I wouldn't buy any PSH shares...

Sir Loin,
My old comrade from IWI.

I wouldn't buy any PSH shares if your interest is merely financial.As a worthy non financial cause I prefer the Salvos .

Its got a market Cap of about $8m and debt of about $90m. I can't see it ever being cash flow positive again. Its an old worn out factory which has been squeezed dry by a succession of owners.

It is energy intensive. It is just the type of 'big polluter'that the carbon tax is aimed at destroying.

Suggest before spending any money you look at posts and predictions on this forum as the shareprice has steadily declined.

Regards
bacci