FCL - Futuris Corporation

[So_Cynical]

Futuris - FCL down 26% today on earnings downgrade, that wasn't that bad.

Anyone else think this is a little over kill :dunno:

Forgot about my successful bottom pick post.

Too bad i didn't have any money to buy in at the time.

 

[Garpal Gumnut]

Forgot about my successful bottom pick post.

Too bad i didn't have any money to buy in at the time.

Have a look at my ASF blog over the last week, there are some interesting charts on FCL for holders and for those thinking of going long on this stock.

gg

 

[Garpal Gumnut]

I've bought this little bugger. See my ASF blog for my reasoning on a technical basis.

Anyone got any fundamental analysis on this stock? It looks good on the technicals.

gg

 

[Bluebeard]

Its changing its name to Elders Ltd I believe and the management also seem to be selling off non core assets. Anyone have a view on this Futuris/Elders as an agri play going forward.

 

[So_Cynical]

Its changing its name to Elders Ltd I believe and the management also seem to be selling off non core assets. Anyone have a view on this Futuris/Elders as an agri play going forward.

"seem to be selling off non core assets"....dude there dumping assets like
the English are printing pounds...FCL has been having a fire sale for the
last 3 or 4 months....and the SP has been Hammered for good reason.

Its always stupid to sell anything below true value.

I don't hold.