i can't get enough of meo

I believe, I became the 16th largest shareholder of MEO today. I topped up at $0.30 today. I want to say thank you to those people who are panicking about Greek turmoil, Dow Jones and everything else under the sun.

I am extremely happy with my investment for the following reasons;

1./ Jurgen purchased some quantities of shares just recently at market prices, which means that he is happy to eat what he dishes out. He thinks that the timing and the price is right which gives me great confidence.
2./ The management might be too slow for some but in my opinion at least they are honest and straight down the line. Unlike the other stocks I off loaded today.
3./ I couldn't find any other stock in ASX where I can have $0.19 cash per share. ($0.19/$0.30) Don't forget "Cash is King". Jurgen seems to have a plan to make good use out of the cash in due coarse. In my opinion, at $0.11 per share for MEO is a bargain.
4./ With almost $80 million cash (after FIRB), you can start your own airline.
5./ A/P is about $1 million. No debts.



Please note above comments are in my opinion.