I have been following this one for a couple of years. Finch i...

I have been following this one for a couple of years. Finch i agree it certainly does look like they have turned this company around. Both last years profit and cash flow statement do show positive signs, and hopefully they continue to please. The Australian reatil environment is a concern, but as you state they have a niche which they seem to be profitable under.

Where did you get a PE of 1.6? Is that Commsec or some equivilant high level research? Obsiously depends on your forecast, but according to my calculations it is more like a PE of 3, which is still obviosuly very cheap if the company continues to show positive cash flow/profit.

The major concern obviously was the huge debt refi, which was completed a year ago. I can certainly see this doubling to $0.002 if the positive signs continue over the next 1 to 2 quartley results.