embarrasing, page-26

Hello Warnie,

Mind you we dont know what the real motives of serial negative types are. Perhaps when a stock is criticised the critic may in fact be trying to accumulate as cheaply as possible, although in some cases its simply a severe case of excess bile.

Dr Richard Russell is the key to FMS ongoing success or otherwise. I have previously read somewhere that he tends to be conservative in his estimations. If that turns out to be the case then we may get a better than expected result.

Sav