Ann: Response to media speculation, page-26

So MND is well managed, that doesn't preclude them from making an acquisition at the right price.
Just because most aquisitions are as you say retarded doesn't mean they are going to do a Jacobs.
I am not convinced that the bottom is in on the resources cycle, we will only know this after the fact.
If I was in the hot seat - with this huge net cash I would have bought back stock aggressively at $6 or whatever it was a year ago. For they will never understand another business as well as their own.
I wasn't calling it a buy at that time but I don't have deep knowledge about the company like they do.