Doesn't surprise me. Minder has always struck me as someone worth listening to as a contrarian voice. Incidentally, I think Sharebroker = Minder.quote:Originally posted by winner69
Minder 8/5/03 posted -
There will be many tears cried when the building downturn in Australasia bite into Feltex in the next few years.
Forbar is only doing what the 'thickos' out there want - high yields. CSFB however is very very smart to take advantage of their thickness.
Score - Feltex, CSFB and Forbar : several million dollars up each. 'Thicko' investors : many millions down already (but don't know).
FTX said five weeks ago that it could meet it's profit forecasts, and now it says the profits will be 13.5% (ish) down. That's poor by anyone's standards and their credibility is now justifiably questionable. Still watching this co. but happy I didn't buy in before friday. Increasing costs and decreasing margins doesn't make for a very profitable future, in the short term.
I guess that kind of answers my question regarding whether or not the previously expected divi was viable. The question is now obviously whether the market has overreacted.
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