CXG 2.27% 21.5¢ coote industrial ltd

Sold mine a few weeks ago. Its hard to take a big loss like that...

  1. 4,115 Posts.
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    Sold mine a few weeks ago. Its hard to take a big loss like that but the decision had to be made. CXG had taken a calculated risk with Greetrains but unfortunatley nobody new what was around the corner re the money markets. It has caught out many larger companies so poor old CXG is a casulity of this financial crap. CXG hasn"t got much chance of surviving with it's debt level and slowing demand for its products and services, it's a same because it started to look like a good little stock. We have all lost money from this downturn but the key is preservation IMO. Invested the proceeds of this into NQM better outlook at the moment (no debt) IMO. Goodluck
 
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Currently unlisted public company.

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