Leighton
on a platter

Ten months ago shares in Australia’s
largest construction company, Leighton
Holdings , were dumped by investors following the announcement of cost
overruns on two large projects. At The
Intelligent Investor , Australia’s leading source of independent sharemarket
advice, we recognised the opportunity immediately. In a detailed article we
presented our reasons for believing why the problems weren’t likely to be
widespread, as many others feared.

It was another case of the psychology of
misjudgement at work in the sharemarket. Click here for the full review.