Originally Posted by
Beagle
With all your profits you can't afford a $35 a month subscription ? Do you really expect to read quality business journalism for free ? Surely not ? Who pays for the journalists salaries ?
I won't indulge your free ride tendencies other than to post a bit of realism for others benefit.
Behind the paywall lead article in today's NBR has well respected FCNZ analyst talking about CVT's track record of shocking downgrades and against a company forecast of $400m of sales in 2021 is forecasting just $273m per annum in sales three years hence. In effect they are saying CVT's management are incompetent when it comes to forecasting and you should take company forecasts with a grain of salt. I see $3-4 downside if / when the potential suitor walks away. Maybe $1 perhaps $2 if they are really, really silly, upside if they proceed. Odds on proceeding are less than 50/50 in my opinion based on shocking recent years results. I think there are deep systemic issues within the company and its management of resources and thorough due diligence given how long its been going on for already and still proceeding will show these issues up to prudent buyer.
Good luck to holders, I think you'll need it !