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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (32839)	3/27/2009 6:14:58 PM
From: Madharry	Read Replies (1) \| Respond to of 78639

the pr release of this am on khd seemed a bit dodgy. certainly not what I expected to hear. a loss for the year, with the implication being that they lost money because they worded the language of cancellation clauses in their contracts poorly and they dont expect to do it again. I dont understand how they could get it so wrong the first time. I mean thats what all their business is- contracts. moreover, they announced their backlog and i think they said 57% of their business was russia and eastern europe and only 23% asia. on top of that they wrote down some of their investment in mass financial. not music to my ears as that is what i own. I guess khd will continue to be a bargain for awhile sigh.