Bargin Buy

[LTC]

Am I the only one who sees this once great company as a serious bargain buy? Its statments and ratios all look good to me, and theres a decent amount of instituitonal investment. I think its undervalued. The only negetives are the Eskom tarrif hikes, 4% decrease in price of ferrochrome, and the possibility of an impoosed carbon tax. All of which i think are already priced into the stock.

[THRESHOLD]

Once great?? Huge capital demands, single commodity, exposed to labour, weather, massively dependance on ESKOM, international contract prices for chrome (which are floundering) - the only good thing is the weak Rand. There's no story here.

[THRESHOLD]

should read "dependant"

[SimonPB]

problem is Xstrata calls the shots .. they have no control ..

[THRESHOLD]

In some ways that's a good thing - a junior with a big brother / sister (no chauvinism here.)

[LTC]

Thanks for the comments.