I look at REA (6billion)and just wish I had purchased 100,000 10 years ago, what a growth story. It makes me think that REA would be crazy to let Home Open eat into their market, shouldn't REA be looking at it and thinking hmmm we should be spending a we bit of our profit to try and do things better and acquire Home Open exclusively.
It is also my understanding that tablets and phones are meant to substantially surpass lap top sales so if this is the case then Home Open will do well.
Anyway put into perspective I would have thought ALA is very safe buying at these levels. The chart looks good to with a convergence coming up.
SP1 Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held