is anyone following this, page-4

I have gone long on this recently - ABS is the key global player in the child care industry which is yet to really come of age.

It's fallen about 20% since the market correction began and, I reckon it is excellent value buying at the moment.

US acquisitions are ambitious but the cost of the centres are cheaper than in Australia.

Demographics favour this industry with population growth on the right side of the ledger + working mothers a virtual necessity. Early childhood learning is perceived to be developmentally advantageous for the child. Eddie has done his marketing homework well.

Downside risk would be if Eddie & wife were to leave the company - but that is not likely. Acquisitions, esp. those in the US will need to be bedded down properly but this should not pose a major problem as the business model is well established.

Solid growth for ABS in the years ahead should eventuate.

A great defensive stock, imo - one to buy and put down like a good red wine. A great growth stock.