rebuilding a company, and this is what it is, takes a LOT of...

rebuilding a company, and this is what it is, takes a LOT of time.

Same as making constructive comments and criticism. It takes time.

Nobody has criticised you personally DVEous however you are nearly always negative on this stock.

This time you are pointing to the profit and balance sheet but this does not entirely explain the SP.

The fact is, this is a risk OFF environment right now. Nothing to do with the fundamentals of the company which are strong for all the reasons enumerated earlier. The reason there is conflict is simply down to the fact that some are long term holders who understand the fundamentals of the company and are not impatient.

The market is not necessarily right, with a god-like insight into the value of a company. There is plenty of reason to suspect the reverse.

There is an excellent series of articles in the AFR today about algorithmic trading and review. Worth a look if you want to understand why many have given up on the market as not being transparent. It would be good if they looked at how stop losses get triggered and other aspects of market manipulation, IMO. It is estimated 30% of trades are algos.

Some fund managers are saying they don't even look at the market during the day anymore. That spells a total lack of confidence in the transparency of the market.

We each think something stinks, it's just that we disagree on precisely what that is.

cheers

DV