Ann: Investor Presentation, page-5

I really cannot come to any conclusion. Looks a bit like its probably a bit over priced given the fact that so much uncertainty exists around future earnings. The next thing that worries me is that the share price is so low that acquisitions will be at a premium cost if you have to raise capital or issue shares. Given the industry I am uncomfortable with debt so if they just use debt then that will also spook many investors. This isnt an industry to have bankers holding the aces in my opinion.

The result doesnt scare me enough to want out but at the same time I wont be loading up...