Cavalier shares tumble on updated guidance
Directors downgrade forecast.
Cavalier Corp [NZX: CAV] shares tumbled another 17% this afternoon following further earnings guidance from the troubled carpet maker today.
Ahead of the company’s annual meeting next Tuesday, Cavalier directors are estimating full year 2015 “normalised” earnings in the range of $1 million to $4
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Duncan Bridgeman
Fri, 21 Nov 2014
Fri, 21 Nov 2014
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Cavalier shares tumble on updated guidance
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