Sunday, January 25, 2009

Wheelock: updated

Updated previous post on Wheelock... many mistakes.

Aim was to project Wheelock's net cash (and the likelihood of it actually receiving that cash), to determine at what price I would buy. I expect the property market to fall further - unlike the stock market which drops like a stone falling off a cliff, property falls slowly like honey running downhill. If/when property stocks get battered again, what price do I want to stick out my hand to catch the falling knives?

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