Sort of leaves me little choice but to average down. I think the focus needs to look at the benefits of consolidation over the next 12 months. Paying interest on 30 million less debt would have to add at least 3 million to the bottom line? Rental savings of 400K have been flag, so without any growth, would it be fair to pencil in the next HY at 5.6 million net? 11.2 for the full 08/09 year? Correct me if I'm wrong but we wouldn't appear to be headed into the abyss. If you beleive DES can grow its income streams then there is little to worry about in my view. I wouldn't be in it otherwise. Takeover might not happen but Prime will certainly get its fill.
Oscar
DES Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held