Originally Posted by
Dassets
I want to check whether that exercise in inventory rationalisation was a complete one. With a couple of things I have heard I suspect it wasn't. But I wouldn't be expecting a write-down. I would expect them to fully incorporate all costs attributable to that stock including a risk rating that flowed through to final cost of capital. I am holding a bit of stock through a broker nominee which I have said before, but will repeat that disclosure. I have some other concerns. Also if this is a reasonably completed turnaround with just the icing to put on the cake, I will beg to differ. I would also like to know exactly what commodity pricing risk they carry and maybe inventory levels. I want to know what form of CAPM they are using or in its absence what alternative they use. Cheers all.