Ann: FY11 Half Year Accounts Media Release , page-3

Looked like a stellar report card. Stronger growth than Seek and REA ,good guidance, market leader, mobile site gets more hits than nearest competitor, cashflow and no debt.

Given seek got smashed when they reported - its great CRZ beat their EPS estimate.

I'd argue the stock is cheap given it trades inline with sek, and at a discount to rea. CRZ is growing faster, organically and has not yet made international acquisitions - making it less risky. We all know making international acquisitions is tricky - just ask ABC Learning Centres!