Monday, May 23, 2011

Indofood Agri: A crash by any other word.

Indofood Agri's decision to list PT SIMP, its subsidiary, could lead to earnings dilution and we could see EPS reducing by as much as 12%. This is according to Goldman Sachs. Indofood Agri's share price, however, declined some 15.7% today, closing at $1.72 after touching a low of $1.69. Could there be an opportunity to buy some shares on the cheap?


I do not understand what is going on