I sold at over $3 at a loss and boy am I glad I did. But I was shocked when it dropped to that price but now its unbelievable. If all was good this is a stock that should not be dumped. All the macquarie stable is being hammered due to debt levels. The problem with all these types of stocks is that just like babcock no-one can understand what their true position or value is? If debt cant be rolled over the banks have you by the throat and its always the shareholders who wind up losing their equity.
MCG
macquarie communications infrastructure group