re: how lucky! Well done Littletee,I agree that selling was a...

re: how lucky! Well done Littletee,

I agree that selling was a good move (before seeing todays price) as PPT started to exit their position.

However I think BRZ has a good business that shoudl continue making profits which could improve when the general retail trading environment picks up.

At 80c the stock really is dirt cheap with the market pricing in "worst case" long term scenarios for the music business.

I just don't think the music business will go bust and if push comes to shove then action will be taken against Kazaa and the like.

BNT is a good business and they are performing well. Sanity has a good brand name and there is potential to close out unprofitable stores in coming years. Some of their stores have excellent locations getting good profits while others I've seen are in terrible spots.

Management has a way of changing businesses to remain profitable. They are not going to sit still and let profits sink and sink.

So is today's prices cheap? Yes I think so. No reason it can't get cheaper but with a clean balance sheet and the business still profitable as a medium term hold it looks good. PPT selling scares me though as they have a reputation for dumping all their stakes.

Other companies in a similar boat include ADZ and Tempo both of which have bounced off their lows somewhat.

ALL is probably the best recovery story out there and Adsteam is a good takeover/recovery story (watch the gearing though).

All in All a tough market with investors over reacting either way on good/bad news.