Well if we assume that ABS is solvent and profitable looking further forward, then it has had a turnaround in expectations for the current year from say 40c +ve eps to -19c negative eps.
Thats a total "shortfall" of say 59c per share in earnings. Yes the shareprice is down more than $3.00 a share.
It could be argued, its been punished enough.
ABS
a.b.c. learning centres limited
