Buy, Buy, Buy...28 Dec 2007 11:13
This was at about 150 april 2007, which is when it started to go down on the recomendations of one broker, saying sell, obviously on the "threat" of the credit crunch. The trading statement, which says, profits and turnover will be in line with forcasts. In other words, the credit crunch has not affected this share at all? and, the boss has said the credit crunch has actually helped, and, will help further in the future. Why have the brokers not updated/revalued the buy/sell recomendations, to buy or hold? when they should have? I think they will do that soon. Since there is no negative news with trading statement and in-line with forcasts, then I see no reason whatsoever, why this share should not rebound to around 150, at the very least 130. The central banks are helping the credit crunch, with injecting extra cash, the interest rates have gone down and are expected to go down further, so even if the economy slows a bit, this company is likely to make bigger profits. I think this is a balanced analysis, so everybody, BUY, BUY, BUY to make a good profit. It is probably one of the few shares, on which it is almost impossible to make a loss on in the next 3 months.