under valued

[SimonPB]

Keith Mclachlan says seriously so, interview at http://www.maudestreet.com/maude-street-online/jsedirect-for-07-mar-fibre-paradigm-fwx-results-art-v...

[topgun]

Certainly concur...besides the massive nav discount, ART is trading at a mere 3x previous peak earnings with a market cap at onethird of F12 sales. Asset turn is on the low side and earnings highly cyclical but that is in the price. A weaker 2nd half exchange rate, a changed steel sourcing policy and generally improving manufacturing conditions should provide some momentum to forward earnings. A steal in my books...

[Major]

if we're in a cyclical upturn, then ART should perform well in its automotive and consumer divisions, if not then there is serious potential to dissapoint. I got in at R6.5, also believing it undervalued.