way oversold imo..prepare for bounce.., page-13

Dear Lunchalot & Ferret

In my view, the last 12 months have seen a significant turnaround in the operational performance of the company.

I raised the issue of EOS with our Chief Investment Officer (who I have a managerial role over) and (while I was making the same points as Ferret) he laughed when I pointed out that EOS had halved in value because it did not get a contract.

On balance, this is a very good bet for a 5 to 10 bagger from here with not a lot of downside risk in all reality.

However, it is also not much fun to have your stock halve in value 3 times in a 15 month period - it will either build nerves of steel or jelly depending on your disposition.

I cannot guarantee an outcome on this but it does remind me of MRE in May last year when at $1.90 it appeared a screaming buy - but Maccers gave it a 12 month target of $1.30. Well 12 months later the share price was $9.60 having paid out 57.5 cents in fully franked dividends, I am glad I did not follow Maccers advice!! However, I do not have the good fortune of always being right either.

Regards Eos