the facts

Here are the facts and then tell me ALL isn't a raging buy.

1) ALL has fallen 75% off it's highs.
2) USA business experiencing high growth
3) Even the reduced profit of $80m gives a PE around 10 (Still cannot confirm number of shares)
4) Dividend still 12c yielding over 6%
5) South America business very small
6) Operating cashflows for 2002 was a solid $79m
7) Revenue $1bn

Now at $1.82 you have to argue that there is a tremendous opportunity for a large bounce.

PE of 15 is certainly likely even with this downgrade due to ALL's potential for growth.

Current PE is just too low.