Genting SP - How low is low?
Debts...debts...and more debts....companies usually take more liabilities in hope for profitability margins in their expansions. Whether it is a Big cap or small cap (All) companies take on liabilities in promise of better prospect in the future and tap on shareholders'/debt holders wealth.Shareholders who invest in these companies got to be clear minded in one thing - Hope. I happened to attend a fundamental analysis session conducted by a trainer today and he resurfaced about Olam's woes when Muddy's water attacked them. It is a fact then that Olam's had deep rooted problem cash flow problem but shareholders continue to ignore, even the analyst. If the company were a S-Chip other than Olam who is temasek backed, the scenario today might be different. I am not critical of Temasek but I can understand "ah gong" intention of helping. I then thought of Genting Singapore, which has been the worst performer of our local stocks by fair in the last 3 weeks of tr...