$3 is always my buy signal, page-18

I also agree with Kenneth G.

Also the loss was caused by the $50.3M currency conversion loss on the receipts from the USM sale. This is in addition the actual loss of $19.3 on the sale. I see this as a temporary paper loss as I assume the receipts in $US were used to pay down $US debt and will have little effect on the long term perfomance of the company. It reminds me of the collapse in the share price brought about by the capital raising during the GFC to improve the debt equity ratio damaged by the decline in the $A at that time on $US nominated debt which presumably was used to buy assets such as just sold.

I bought then and was rewarded and have also done again today. I hope to rewarded again.

If our analyses (eg Kenneth's earnings explanation and my $US conversion story) are correct then why did the market react as it did, both during the GFC and now? A 30% swing on the Transfield report after virtually all the facts were already out suggests some very dumb large (or many small) investors. Am I missing something?