Farlap, good point, but it comes back to what the stock is...

Farlap, good point, but it comes back to what the stock is trading at, or what value the market is placing on it, compared to the performance/potential.

Ok, so NBs missed expectations (not by much, but according to the market they did)

But assuming NBS's customers pay up - which is genrally how it goes in business we are looking at a p/e of under 3 and now a dividned yield of maybe 10%?

So assuming NBS continue to collect $$$ wouldnt you say this stock is cheap at current levels?

Ok if it turns out that this stock is a dog well ok that means we've all been taken for a ride. but what happens if NBS collects all the $$$ and then pays out 50% of earnings in dividends this current fin. year? all of a sudden NBS is a RAGING bargain.

what has confused me is the apparent assumption by the market that NBs simply wont receive it's $$$ from contracts/customers.

That's all.....