fsa earnings have hit the wall

At the FSA AGM today, the company has to my mind shocked shareholders by stating that 08 earnings will be roughly in line with 07.

I for one certainly never saw this coming and for a company that has basically been doubling earnings year on year for the last 3 or 4 years it is a major disappointment.

The amazing growth story that was FSA has slammed into an earnings wall. I personally don’t have the patience in this market to stay in companies that don’t have earnings growth, especially in the small cap space.