GPASAS, you forget our point of view. We certainly agree that...

GPASAS, you forget our point of view. We certainly agree that the share price sometimes gets it wrong. We didn't fair well when the SP recovered Nov/Dec last year; and swore black and blue that the SP was wrong.

In a continuing contracting market, is the one write down that BLY has done, is it enough? Neither one of us knows until more information is released. My point (one more eloquently put by noomxx) is that if you have an asset that is valued "X" and nobody wants it, and you try and sell it, is it still worth "X"? It's a valid question, considering that an asset test is part of their Cash Converters financing.

I was wrong when I said they needed to do a CR from March of this year. They should have done it in March of 2012 and paid down their debt.

Either way GPASAS good luck. If we've got it wrong, its not going to affect us much down here, as it may affect you if you've got it wrong. We're nearly done, and the last 2 weeks has been fun. I can't wait to see what they come out with.