Ann: Interim Financial Report and ASX Appendix 4D, page-93

"Caruso, a response like this says to me one thing. You dont get it. Caj is not a sell, at any price under $1 it is great value. Its current PE is not 52, factor in the acquisitions, cost savings and growth, and we are sitting on a PE of 20ish. I for one cannot wait to see the results 12 months from now and the SP."

Casper looks like I do get it ( the PE was 50 plus ) and the share price has dropped 60% since this time. The market can only tolerate high PE's and growth by acquisition if they can see major bottom line improvement over time and it can unravel very quickly when the penny finally drops. As I said back in February the share price was 2 years ahead of itself but now it seems to be in the ballpark of being around fair value. It's now up to management to deliver and show that all these acquisitions can deliver incremental profit and margin improvements qtr by qtr , yoy. Good luck, don't know if you are still holding.