Short Attack - Price Manipulation, page-63

Thanks @Klogg. The characteristics you mention served to keep me out of DDR when it was available in the 2s after I had first come across it.

Since then, I have come around to the exceptional management team that knows how to make hay even with fine margins and an unattractive industry structure, and have a rough double on my hands with a position that is just over 4% of my ASX portfolio.

Given the structurally low interest rate environment we find ourselves in, I would probably be willing to pay 20x or so.

NTD has been great - unfortunately it is not a company in my investment universe.