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Originally posted by sniper
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quote:Originally posted by BRICKS
Well the farmers are consolidating after recent take over position taking and ALF has fallen to a low position so no better time to BUY,, but last year two former employees removed .5 million out of the till and did not tell the BOSS made him very angry so they thew them in jail but the money is still amiss but with this now behind we can look forward to a better year.. [8D]
Like to agree with you, Bricks but don't like the odds on this company performing. NPAT for 2006 looks like $2.35m so trading on a PER of 13.9 times - with earnings outlook deteriorating. And the timber mill continues to bleed. It was bought off a receiver and back to the receiver it looks like it will go. What is ALF's expertise in running a timber mill? So far so bad.
SP was $2.35 when you first posted the above. Now it's $2.05. No hurry to buy this competitively badly placed company.