rally, page-10

could offer a buying opp but with the third CEO in under a year you begin to suspect some conflict at board level and at the very least leads to investor uncertainty...

Michele Allan had been very impressive and results were already starting to appear with future earnings looking positive...

I still like the strong PFL fundamentals (ie attractive FY09E PER 9.1x, strong brands, high market share)but have some concern with liquidity and the amount of stock held by the Rijs Family as well as management...