yes - a puzzle.CBD should be fine cashwise - they were cashflow...

yes - a puzzle.

CBD should be fine cashwise - they were cashflow positive from the beginning of 2010 with every indication that this would get even better (including CEO statements at recent presentations). PE is about 5, with promise of higher profit in the current year (confirmed in Sept 1/4 cashflow accounts).

I'm waiting for the Dec 1/2 year results, which will tell a lot. I think one of the problems is that CBD does not have a 'sexy' image. It's ho hum nuts and bolts stuff - on one you bute technology, just right business at right time, good managment, good processes and increasing profit. Many possible investors may wait to see if the positive cashflow continues or is a one off. Alternatively, maybe some people know something that the rest of us do not. If so, it is a well kept secret.

Frustrating, but if it goes much lower I'm buying more.