Winner is taking the piss
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its too hard to tell though, something I've suggested to winner previously. I wouldn't have thought 'should be ok' is a sarcastic statement, certainly its not obvious in the written format unless there is other context. esp with the following $12 forecast. I think winner posts so much that flippancy is becoming the norm.
Hey thats been the norm for ever its just w69s style ala on the fence commenting on to all passersby.I visualised two winners some time ago both sitting on the pavement outside the shops one a bit further past the other with shades on. both have signs and upturned hats with a $5 note in . One sign says "I Am Blind" , one says "I can See Quite Clearly". Celebrate the diversity on here and one w69 has some great knowledge and opinions to share and one suggests you look deeper yourself and debate , smile,or trade the stock discussed.
BOT
FBU
NOT
FBU is a sideshow to me now.
Leave it alone mate.
Discl. (No position, either way)
We don’t seem to build things very well in NZ do we
https://www.stuff.co.nz/national/102...ato-expressway
https://milfordasset.com/insights/bring-greater-diversity-to-the-boardroom
Bring greater diversity to the boardroom
The Aussies love to have a dig at our business practices and the CBD column was a perfect example of this. Under the sardonic heading “Nothing constructive about board”, it began: “Kiwi construction giant Fletcher Building lost a fortune amid the biggest construction boom in the country’s history. “If there was one lesson that Sir Ralph Norris’ board was meant to learn from the disaster it was that it needed more people with experience in its core business — building materials and construction.” But no. The column pointed out that two new directors, Barbara Chapman and Rob McDonald, had close connections with Norris. Chapman had been CEO of ASB, Norris’ former bank, and McDonald was appointed Air New Zealand’s CFO in 2004 when Norris was the airline’s chief executive.”
Reidy was ‘nabbed’ from Kiwirail so must be a coup for Fletcher’s
http://www.sharechat.co.nz/article/8...n-businesshtml
Previously COO at Downers, and also been at FBU before.
Must be more fun than being at Kiwirail......
Just wondering - how much is a stock with a current (and big) loss due to management ineptness, a (3 year) forward PE of 23 vs a trailing (10 yr) PE of 20, no growth what so ever and a history of incompetent management and board decisions really worth?
Would a PE of 10 sound fair? I probably would think twice about that but 23? Really?
Just wondering what I am missing for not investing into this company? I guess even if they manage to magically replace over night not just all the dead wood in management but as well the inept and overpaid board - how long would the company need to work to at least be worth their current price?
What is the investment proposition?