annual report, page-4

why we did not get a boost yesterday ? For 2 simple reasons:

1- because the market was down, on the back of middle east tensions

2- you don't get a boost when you release good or very good results. You do get a boost when you beat market expectation, and because the results did NOT beat market expectations you didn't get your boost. These results were pretty much already priced in the sp.

Another factor is that you need the market to digest the results, and whilst the sp did well in not going down I am sure the various reports will have a positive market on the sp. So you should expect the sp to go up towards the $4.70 - 4.80 which is where it should be based on fundamentals & other forward PE, taking into account the sort of growth put forward by BLY.