Do you mean the 12th Feb ? If so I'll speculate it'll only fall by about 10%...should be a LOT more though.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Do you mean the 12th Feb ? If so I'll speculate it'll only fall by about 10%...should be a LOT more though.
we are still waiting on the show and tell from management,at this stage I would not like to pick,but the news could be worse or even better than the markets expect
In my view currently it is overvalued. Although it has a long term business model it will take some time to recover. It may have some short term support in the current bull market but when bear set it also may have a hit unless they perform well in the long run.
I heard from someone at SKC that the higher ups were worried about FBU's ability to deliver on the contract but were given endless reassurances it would be met. Apparently it was/is a common practice to under bid to win the bid then look to renegotiate terms and penalties later relying on the pally pally approach.
I reckon lower. It was around 670 after the second downgrade. Logically it would fall below that. This time there are uncertainties as to, say, fire sales and/or capital raisings to mollify the bankers. To top all the self-inflicted problems facing FBU there is now weak general market sentiment.
So, somewhere in the 500s, ..... I'll go for 559. But I wouldn't touch them at 459.
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Originally Posted by Lawstudent05
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