BRS - Broadspectrum Limited

jjbinks said:

Transfield seems like it would be good value especially if it drops below .90. given earning forecast of .11 per share is still decent even if it is a downgrade and it had good yield.

Am I missing something.

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mreversion said:

Unless Transfield is going bankrupt and the company just lied to the stock market with its update, it's got to be the best valued of all of the services companies right now. At 76.5c it's worth $390m. A current P/E of about 7. What it really needs to do right now is lose about a quarter of its staff and show that it's serious about turning the company around, but even if it just holds on, the market will give it a break soon enough.

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jjbinks said:

well i don't know alot about NRW.

But TSE seems to be better diversified than NRW.

Even though some of TSE sources of business are drying up it has other projects outside the resource area, with >50% of revenue coming from various private and government infrastructure.

In comparison, NRW projects seem to be largely mining related.

Of course, this was only a very brief look at both companies activity. (in fact only glanced through NRW reports to get a rough idea of where revenue was coming from).

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