FUNKY wrote:This a GEM.....its really cheap at the moment..looking at their results for the first half their finance costs are down by 38 percent..they are utlising their banking facilities more efficiently..they have stopped credit sales meaning no more bad debts...this share is STRONG BUY at the current price.
I agree with your observations but
STRONGLY DISAGREE about CMC being a buy, let alone a strong buy at current prices. You can only make money on this one by hoping that one of the key shareholders decides to "make a big purchase" at 12 as they ocassionally do.