Hi Tiger,
No, just looking at cost of acquisition and payback of that.
Looking at DVD purchase per cust, cash cost by qtr, since Jun 08:
13.6 Jun 08
10.1
13.1
7.4
7.6 Jun 09
7.6
6.9
Again, down to reasonable levels.
Employee cash costs are stubbornly around $18-20 per cust.
Other wkg capital (everything else)has been up around $30-50 per cust per qtr but $27 in Dec.
Getting to the point where each cust is cash +ve.
f111