what must ian huntley be thinking, page-13

Huntley are an inexpensive source of useful analysis relating to a stocks underlying business. I wouldn't place too much reliance on their their valuations (which drive the buy/sell indicators). Especially for difficult to understand business models like AFG and BNB. Like all analysts, they have great picks and shocking picks, Huntley have got BHP and Austal (ASB) spot on in recent times. Huntley comes from a value investor point of view, most value stocks have gotten cheaper over the last year. The value cycle will turn in time.