Aug 25 2009, 11:52 PM
QUOTE(maxchua @ Aug 24 2009, 12:10 PM)
Seriously guys,
I am a long term investor, and i dont think that BSTEAD is a good stock to hold for long term, the management team i would rate an ok only due to the average 5 Year ROE of about 12%. The one major thing i dont like about this company is its leverage. Its debts are too high relative to its Equity and assets.
I think this stock is only good for trading purposes (the volatility is not that high too) but i would strongly advise not to buy this stock if you are a long term investor. Hope this is helpful to some of you guys out there.
Mind to elaborate more why isit not a good buy?I am a long term investor, and i dont think that BSTEAD is a good stock to hold for long term, the management team i would rate an ok only due to the average 5 Year ROE of about 12%. The one major thing i dont like about this company is its leverage. Its debts are too high relative to its Equity and assets.
I think this stock is only good for trading purposes (the volatility is not that high too) but i would strongly advise not to buy this stock if you are a long term investor. Hope this is helpful to some of you guys out there.
I have been eyeing Bstead for quite some time now. planning to enter once RM3.5 support level is break
For me it has a PE of less than 8 after the quarterly result.
Its NTA is approx 4.50 which is 30% more than its current share price.
Plus it has a dividend yiled of 5-6% if dividend level remain as per last year.
Additional, they are now undertaking right issue to redeem its debt which indicate much lower gearing level.
my 0.0000005 cents
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