what am i missing?, page-7

Choquita, the telling story is that QAN's REVENUES were flat, and in actual fact, they fell slightly in the last year. Most of the headline profit increase was derived from increases in productivity and cost cutting.
When you have flat revenue, born out of increasing capacity and competition, generally you can't expect a company to achieve significant earnings growth, and therefore rises in the share price. The company turns into a yield stock like Telstra atm. Eventually it may go backwards, because there is only so much cost cutting you can do. Without finding new markets, or capturing greater market share, revenue stays the same, or falls.
And so does the share price - that's whats happening