Happy to bet on gws, but what is the time frame for the drop to 50c? Had to lay off some people last week and would like to avoid doing this if things are going to change this dramatically.
I said 67c, but more likely 75c over next 12 months.
In regards to lay offs, the horse has already bolted. Many companies have laid off workers over the past 2 years, Telstra this week, Ford over next 2 years, to name a couple.
http://mobile.news.com.au/business/ford-australia-to-shut-broadmeadows-car-factory-geelong-engine-plant/story-e6frfm1i-1226648895882Combine the falling dollar with a dependance on imports and we will really be up the creek without a paddle.
My tip is to keep the old pinnies alive and in good nick, they will hold their value if NIB numbers drop over the next few years.
