hi all, We all get it wrong sometimes. Thats the good part about...

hi all,
We all get it wrong sometimes. Thats the good part about a forum for someone to point it out. good thing is , you have a good margin of safety , so even if you get it significantly wrong, you don't pay for it. Yes there is a possibility of double digit yields. The revenues have increased but the issue is of translating it into profits. i'm happy with slow and steady growth. they have taken management initiatives for john beith to focus on marketing with a new CEO focussing on operations and inventory management.
With queeensland rebuilding , if they can become the leading low cost supplier of their products this can maintain a good earnings growth. whats more stoddart's buliding products have a significant stake so i see some advantage for AIR to have preference on certain projects.
i have built my stake mostly during september last year , now i'll wait for market to take notice. Divi payments will bring attention to the stock , however the valuation has reduced as a result. I would have preferred a lower payout ratio and cash going towards growth , but maybe they prefer handing cash out. Technically long term uptrend has been well maintained with the stock bouncing off the 195 day MA nicely.
good luck
P