carsales.com.au, page-6

Jumped-into CRZ too early at 4.66. SP hit 4.50 B4 rebounding. I read a well thought-out argument by SMSI editor Greg Carnaven that CRZ is a 'value-trap'. Well Greg may be right... but my reckoning is that at around 4.50-4.60 mark CRZ is pretty good buying. Its dominant position gives it 'pricing-power' which as Value.able guru Roger Montgomery reguarly reminds readers... is a crucial advantage. Next month's results and dividends will tell the story. Another thing is that now CRZ is fully established, its overheads should diminish fairly smartly allowing more spare cash to be paid-out to holders. The 10% share buyback also gives me confidence.