Ann: Queensland Floods , page-6

Brownie I think people are seeing two facts as worrisome here:

- earnings thus profit will be flat this year once flood damage costs are factored in
- a final estimate of what the REAL total of those flood costs to SWL will be won't be tallied for another couple of months.

So we have both flat earnings and uncertainty. Two understandable reasons for a sell off by short term holders.

Eventually things will get back on track and SWL should pick up some extra business to make FY 2011/12 a really good one.

I sold at $2.48 but looking to get back in soon. SWL is a great, well run company.

MLD has taken my eye for now