Leighton fails safety check

With Leighton’s share price up 36% from its September lows, Nathan Bell makes the case for misplaced optimism.

If you believe the share price, Leighton is redeemed. After producing an $815m loss in the six months to 30 June 2011, from a low of $16.79 in September 2011 the share price has rebounded 36%.

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