S1mon... yup DWS are rightly cautious re outlook for next 6...

S1mon... yup DWS are rightly cautious re outlook for next 6 months. I bought-in as management have made many substantial changes over past 9 months incl. a massive turnaround in Sydney office where things had slid badly. IMO the hard yards have been done and DWS poised to make rapid ground. However, like most companies a stable commercial environment is required. I hope DWS can win more govt contracts raising this division to about 25% of revenue. My main comfort is that DWS made several mistakes in 2007/08... but they are competent and have revised methodologies etc. Now we just need news re a few contract wins. DWS certainly, has better PE and div % than ASZ. But i hold ASZ, DWS and MLB to spread risk across sector. Have looked at IT sector and while some companies have excellent contracts eg. SMX, the current PE is waay too high for me to buy shares.