i think they are cheap. provided they can manage their debt...

i think they are cheap. provided they can manage their debt levels (albeit reduce them) and the cost of servicing these loans, they should come around. Time is against them at the moment given the delays in seeing pokie returns from pubs as a result of smoking bans. they definitely have the right people involved in terms of the laundy family. Both in terms of money invested and experience in operating successful pubs over the years, this should be enough motivation and drive for the laundys to see nlg turn around. its only a matter of time. the other thing to keep in mind is people in the gambling belt in the west of sydney tend to gamble more in a high interest rate environment as they try to win in order to keep ahead of their mortgage (never works but good for nlg).