At last CSR seem to be breaking firmly out of their 18 month bear trend at $3.34 today. Sugar trades around US$14.20 and should climb with commodities like wheat, cotton, corn etc.,
CSR may have an interesting future if Dr Marc Faber's comments on how bullish he is about sugar comes to pass. His forecasts of a US$100 oil price and US$1,000 gold price for 2008 are among so many of his correct forecasts.
Despite weak markets in general, CSR are among the brighter ASX100 stocks, imho.
CSR remain quite a solid stock, yielding 4.7% (15 cents, partially franked) on a PE 10.4. The dividend has stood still of late but CSR are forging ahead with purchases and Bio development. All this should come to fruition in a year or two.CSR's Hebel and its position in the companies building portfolio: http://www.asx.com.au/asxpdf/20080331/pdf/3189c0y6r90s13.pdf
The old bid talks as the CSR share price moved towards $4.00 seem to have gone away, or have they? Probably they've hibernated but Spring approaches, and at around $2.20 a share interest may be returning.
Like the US Dollar, the time comes when news is just not bad enough to continue the downward trend.
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