Lets hope that elmo has no more surprises to inform the market this year.
All being equal this stock rates as good as most
in the market place on solid earnings and cashflow.
Fancy buying this stock at this price because of a 10% profit decline, which was estimated incorrectly and figures in line with last year of $105 million
Instos were ropeable with him but like Repco, Super Cheap Auto, Healthscope, Oroton the list goes on these stocks have turned. Its unbelievable and Sigma is going to start a $200 million buyback shortly.
Elmo needs to get back on the job at hand and build his trust back with all shareholders after the wrong numbers.
I dont have a crystal ball but surely theres been a lot worse reports out and those companies have retraced back to their highs etc.
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