Ann: Cardia sets up manufacturing plant in Brazil, page-22

I used to be anti SC - seen to many go "bad" for LT SH

Lately been part of 3 that all worked in favour of SH - SC ahead/alongside of "milestones" or fundamental changes to business that all paid off rather well

CNN is in the camp of "bad if you do/bad if you don't"

SC would benefit purely to remove volatility out of the 25/30% range for 1 tick change

CNN has cleared the "old decks" and hopefully the "old habits" of constant CR - think Richard and Frank got the message loud and clear that the last one was the last one (see current changes to vendor finance)

SC should logically be tied in with becoming cash flow positive - so another 6-12 months away.