Slater & Gordon looks to be winning over its bankers, page-101

Alex - although not always comfortable with your iconoclastic tone, I happily concede you have been accurate in your calls all along - unlike myself.

However many current holders have made the decision to stay in this leaky boat and wait for a grinding recovery. Are they deluded?

I don't think so - at a market cap of $88m the present risk reward ratio is very enticing. Odds are favouring a work-out and a subsequent growth in net equity.

My own cost price is now $1.02 and assuming a 2-3 year outlook I'm comfortable with that.

Nonetheless, the SGH misadventure is burnt into my brain - in a constructive way, I hope.