horley on radio australia , page-4

I'm not dismayed, Blokes. In fact, I'm licking my chops.

I spoke with Horley yesterday, and the business is sound enough. He's aware of the odium that attaches to PBI as a consequence of the corporate shenannigans that have too long dogged the company. And, too, of the need for management to better look after its ordinary shareholders. I think we may see some changes moving forward.

I've bought quite a few in the past couple of days. There's plenty of cash in the can, and the company has actually never been in a better position.

Kierkegaarde said: "The crowd is untruth". Ugly sentiment can create huge mismatches between perception and underlying reality. Those who keep their heads, and found their judgements on reason generally do best in the end.