Forum Archive Index - September 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Macdunk,
 
>
> Snoopy are you still trying to work out what sort of a dog this Is?.  
>   Its a St Bernard snoopy a great glutton that eats share holding
> value.    It even flogged off the kennel In order to grow bigger.    
> I would have thought most people would have recognized It when 
> It was a pup   
>

Being a dog, I like to sniff out other dogs Macdunk.  And when that dog 
is a ship without a captain sailing into uncharted territory (Australia), 
and warships with cannons are threatening to attack from home base ( 
the 'Domino' effect)  and some of the crew are jumping overboard in 
desperation you have to admit things are looking bad.

This is of course the time when Snoopy the contrarian starts to get 
most interested.....

>
> It might not be dog of the year Fletcher forest will take
> that out, but Its In the hunt for a place. Sorry snoopy only a bit of
> fun.   
>       

Poke away Macdunk.    I don't mind a few barbs poked in jest.    
Whether RBD  has  reached rock bottom or has further to sink is 
something  I feel it is worth putting in a little time to determine.

This involves close scrutiny of the fundamentals.   I think we can forget 
$2 per share.    But perhaps $1.35 to $1.40 in a years time might be 
on?   Add in a 10c franked dividend  and the overall return is looking 
quite attractive.    But can we trust those profit figures in the annual 
report?   This is what I must try to figure out.

SNOOPY

discl: hold RBD



                    
--
Message sent by Snoopy 
on Pegasus Mail version 4.02
----------------------------------
"Dogs have big tongues, so you can bet they don't 
bite them by accident"


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