mlennyma wrote:Due diligence?? i thought it was a concluded deal when it once emerged or its a polite changing of mind??
All that is defined as SPECULATION...
All I know is that is @ 15.70bob KK has a trailing dividend yield of 6.4% & a trailing P/E of 7..
If 2012 profits fell 30% forward dividend yield would be 4.5% & forward P/E would be 10..
Why wouldnt i still be buying even if Puma energy ltd did not exist.. There is adequate margin of safety at current prices even if the deal goes sour or 2012 profits slightly fall...
Mark 12:29
Deuteronomy 4:16