The key to recovery with BOL is decreasing costs, improving...

The key to recovery with BOL is decreasing costs, improving margins and greater contract wins which are now being evidenced on the east coast business regime. On the debt side they have been assisting reduction through asset sales but free cash flow will be the key to further tackling this. Covenants not at risk of being breached.

Bottom line, this is a relatively low but improving margin business, and taking a contrarian view with improving economy it's worth keeping a close look at 2nd half 2017 performance to see if it matches the management view of business profitability improving.

My view is to buy in the dips, around 11 to 12 cents now, you can see that the market otherwise is now beginning to tap into this likely recovery story. DYOR.