falling price even though divy not paid yet, page-4

I also agree, Veecat. For those interested in the valuation data for FY14 (after subtracting imminent dividend from current price):

* P/E around 11
* Gross Yield around 7.8%
* ROE around 30%

All this with a proven growth record and proven management capability, in a market that has most good stocks on P/E's above 15.

That's good enough for me to remain heavily invested.

With shorters increasingly on the loose, it has become more important than ever to have the courage of your convictions when the price of good stocks head south in a big, sudden move. I know what Warren Buffet would do - ignore the day to day fluctuations in price having done his due diligence and valuation.