montauk66, my view is that OFX's growth pattern is choppy at...

montauk66, my view is that OFX's growth pattern is choppy at this stage. So while I pay attention to lower growth, I suspect (but could be wrong) that OFX's annual growth will be above 20%. If growth is 9%, I would be concerned based on the high PEG effect (i.e. P/E ratio significantly exceeds growth). But that would depend on whether OFX is still in a transition/ddevelopment phase to build new business or whether its strategy is mostly in place but isn't drawing in new customers and more "deals" (hate OFX using that term for a forex "transaction").

OFX is also launching into the US market. Again, I'm both optimistic and skeptical because US market is massive (and under-served according to OFX and my limited knowledge of that market). But it is also always tougher to penetrate the US than foreign execs estimate. If OFX does get a decent US toehold, it could be a powerful growth driver.

So, OFX isn't a set-and-forget stock. But I'm not one to hit the sell button just because one or two quarters are below trend.