You're meant to feel frustrated - so frustrated that you dump...

You're meant to feel frustrated - so frustrated that you dump your shares.

I can recall being on IWL a few years ago (pre consolidation) while a similar situation took place - drove me nuckin' futs watching that one make more profit than others, had a great outlook and yet was stuck in a trading range for about a year.

This one is starting to do the same - very conservatively priced for its current and 2007 growth rate, debt free, niche business etc... but unfortunately I think is a boring industry, has a past to overcome still and isn't being promoted by management or supported by instos or brokerage coverage to a level that reflects its performance and future potential. Also the top 20 only hold around 30% which is pathetic - so it appears lots of tree shaking can take place yet.

Looking forward to the consolidation and then hopefully further acquisitions funded by retained profits and a mix of debt and capital raised.

If it stays down at these levels then someone will just take it over for peanuts imo.