What's going on?, page-19

Mongy, the market is volatile at the moment and those that have high P/E's are often the first to be hit hard - REA, RHC, CAJ all good companies; all growing at double digital but all 15 to 25% down on highs. The market has factored in growth in the price and when volatilty comes so do the questions.

The market is also bearish on companies that aquire i.e. CDD, GEM etc. CAJ is starting to follow this model

While I was out until yesterday, my view was still that CAJ was an awesome company - great management - high growth but at >$0.70 a bit pricey. If the price dropped to $0.40 the P/E would still be above the ASX average. Hence why I sold on the way up.

I suggest you pull the business apart to see if you think there is value / growth; in addition to what I've said previously:

CAJ's core business is MRI (growth)
Revenue predominantly bulk billed
Aquistion opportunities exist (Vic & National)
Opportunities to increase non medicare charges
Substantial shareholder in 3DM (The future) which is complimentary

This is not financial advice, just my research observations