15-08-2013, 09:58 PM
Continue Shorting!
(15-08-2013, 06:45 PM)TheMillennium Wrote:(14-08-2013, 10:40 AM)AlphaQuant Wrote: scary looking balance sheet
from 2007 til 2013,
gearing has gone from 50 to 70%
no. of shares gone from 460 to 620mio
EPS went from 17c to 5c to 11c
no free cashflow at all
it's a massive expansion drive betting on the commodities boom which unfortunately seems to have come to an end.
The company's debt levels are scary..
I wonder how to put a price on such a company.![]()
Better to just stay away?