Amazing how people are happy to sell a stock at 6.5x 2004 earnings. That's what happens when you disappoint the market for so long. There are some decnt buyers out there but they are hanging back because these stale bulls seem to be willing to sell the stock aggressively. If you want to sell cheaper I'll take it cheaper - thanks. Once they pay down some more debt expect a dividend or buyback (possibly in conjunction with TLS bailing on their portion) to kick in because these guys are swimming in cash. With $0.24 cash flow the company could buy back 16% of the company per annum. The replacement of black stripe credit cards will also start in 2005 onwards and will mean another leg up for KYC.
KYC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
