good support, page-10

Looking at share prices every day, or every minute of every day for some, can be emotional.

I've just spent a good 45 minutes or so glancing at some of the AFG announcements over the past 6 months. Really, if I hadn't been watching the SP fall my impression would be that the business is worth investing in - especially at these prices.

Even the Rubicon deal, it needs to be remembered that 25% of the purchase price is performance based. It could actually be argued that the current property woes are positive in that if 20% growth is not achieved this year, then it needs to be achieved on a 3 year basis before the performance is paid. To my thinking, the current property woes mean 20% this year will be tough. Great. I'd much prefer a 3 year earn out (meaning 3 year compound 20% growth). Or if not achieved then it is not paid regardless.

That deal aside, the primary negative is the underperformance of their funds. This needs to change.

MJS