new all time high, page-10

Thanks Cafa and Pandelis for the high-quality posts.

The bit that confuses me about this stock is the slow earnings growth compared to the revenue growth. Given that its (apparently) such a high-margin product, I've always assumed that 10% revenue growth would translate to 25% earnings growth .... this was obviously not borne out in the FY13 results, nor is it borne out in the 2014 and 2015 estimates.

I also don't think the company adequately addressed this issue in either its commentary on the FY13 results nor in the phone conference .....