That's all I am asking for now too...updates! Just keep me...

That's all I am asking for now too...updates! Just keep me informed, even when it is not a requirement. Or else pretty soon there will be no one left on the bid. I am sticking by thiss company, so I don't think it's asking too much.

As much as I am getting flogged right now, I am no seller on valuation grounds.

I don't/won't value business at recession prices but IF we did that, and factor in a 'full' 40% drop in 'full' year earnings going forward based on half yr guidance, then I still make that circa 11.5c earnings per share if you take out the one-off from previous yr's earnings (circa 20c per share).

So even amongst all this turmoil, I'd normalise free cashflow at circa 13c and for a compnay like Clarius use a 12x multiple of that. Take away circa 21c per share in net debt and I'd still say it's worth at least $1.35-1.40 in the middle of all this carnage. This is using just one valuation metric, of course.

But even that would not get me out at my average buy price...so it's a good thing my valuation based on normalised earnings in 18 months+ out is well above this.

Unfortunately my position in this stock is very large. Given what has happened and the CMP, I would like to be buying up and averaging down further. That's my style, call me nuts. But I don't have the coin, and I'd end up with CND as an even bigger component of my portfolio.

Even though forward earnings are reined in significantly, CND is still trading at a deep discount to such revised earnings, and obviously a ridiculous discount to normalised earnings. Like much of the market, it's been oversold 'despite' earnings revision.

CND is now trading at less than it's lows in 2002-2003 when it was earning 8-9c per share.

But the market cares little for such analysis 'at this point in time'.

Oh, to have more cash in this market!