AIO 0.00% $9.13 asciano limited

is this criminal

  1. 2,641 Posts.
    lightbulb Created with Sketch. 146
    The day before they issued there downgrade on aio, look which company pops up in there value section. It is just so wrong. I will never listen to brokers again.

    Credit Crunch to Credit Crisis: Is the End in Sight?
    Investors around the world have been scrambling to slash their forecasts of
    economic growth as the turmoil in financial markets spreads rapidly to the “real”
    economy: from Wall Street to Main Street. This has prompted unprecedented
    action from monetary and fiscal authorities globally in the midst of a share market
    slump. For equity markets, the battle continues: policy makers and valuation on
    one side versus earnings fears and forced sellers on the other.
    With global GDP numbers being revised down, corporate earnings are also being
    revised downwards. From the peak of corporate earnings in October 2007, global
    reported earnings have fallen 10%. In a typical earnings downturn, earnings fall
    25% from peak to trough.
    But despite the earnings downgrades, share prices have moved ahead of
    fundamentals. We estimate the Australian market is pricing in an earnings
    decline of -30% over the next 12 months.
    In other words, expectations of very weak earnings – i.e. a recession level
    downturn or more – are already in equity prices.
    We discuss these themes in this month’s edition of the Private Client Portfolio
    Private Client Stock Suggestions
    Growth Income Value
    ASX Consolidated Media Commonwealth Bank Asciano Group
    Cochlear Incitec Pivot Coca-Cola Amatil Arrow Energy
    CSL Leighton Holdings Insurance Australia Harvey Norman
    QBE Insurance Metcash Spark Infrastructure James Hardie
    Santos Newcrest Mining St. George Bank OneSteel
    Toll Holdings OZ Minerals Suncorp Metway Wesfarmers
    Westpac Banking Sonic Healthcare Tatts Group
    Westfield Group Telstra Corporation
    Source: Citi Smith Barney Research Services Group, changes in bold, stock under A$1bn market cap in italics.
    Citigroup Global Markets Limited is advising BHP Billiton Ltd in relation to the proposed
    takeover of RIO Tinto Ltd. As such we are restricted from commenting on both compa
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