Do you think you have been given the "basic facts" by CLO?????...

Do you think you have been given the "basic facts" by CLO????? Or just the "facts" they are willing to tell you? Well actually when you read their Asx release they havent actually given out many "facts", have they.

How can you make an investment decision based on the current information? On the basis the share price is lower, therefore it must be a good buy?

CLO have not identified the problem loans nor stated the term over which the specific contracts are in place. Pretty cagey about it if you ask me.

Not sure how you can make an investment decision when we the investor on the street has no idea what CLO's earnings are going to be, what dividends they are going to pay, etc

Some facts for you:

CLO have had problems with contracts in the past.
CLO have problems with contracts now.
CLO have won a lot of contracts lately with aggressive tendering.

How much of their huge future revenue book will actually make money? Got to guess because we are not going to know as history is not going to tell us.

Sometimes you dont need the facts to make decisions - the smell is so bad you know you dont want to go near it.

I cant see in the current market you would go lookin for a bad story. There have been a lot of posts HC about when to buy falling stocks because they shouldnt go any lower. The fact is - most of these stocks just keep going down......

Maybe you should do a check on a fwe of the stocks that have taken a single day 30% price hit over the last 12 months and see how many over them are trading now at higher levels or lower.

Breakouts on big volume are pretty good indicators in both directions.........

CLO is a SELL


acturtle