re: is tim a defensive stock Did you all see this:-MARKET TALK:...

re: is tim a defensive stock Did you all see this:-
MARKET TALK: GSJBW Cuts Timbercorp To Underperform/Hold
18/07/06 09:05:00+



0905 [Dow Jones] STOCK CALL: Goldman Sachs JBWere cuts rating on Timbercorp

(TIM.AU) to Underperform/Hold from Outperform/Buy following recent due diligence

on TIM and industry as a whole. "In summary, we believe both the economic model

and industry structure...is unsustainable." Cuts TIM valuation to A$3.48 from

A$4.36. Stock last at A$3.61. (LMF)