I have heaps of BOL, which is why I shall not buy any more....

I have heaps of BOL, which is why I shall not buy any more. However, in spite being down on paper,I am a long-term holder and I like the fact that BOL's management was honest enough to admit that they mishandled the integration of the odd acquisition in the past. This honesty suggest the company will be more soberly managed in future. Also, I like the fact that Brenden Mitchell(Managing Director, CEO) bought 200,000 shares on market a few days ago at $1.085 each.

At today's SP BOL is going to be a good cash cow for years to come, and over time it should deliver capital gains to boot. As a wild card, I still think that BOL and some complementary business should merge their interests to gain depot-locational and cross-selling synergies.

Tutt Bryant (TBG) is doing well in the same game, so once BOL's management become half as competent as TBG's team, BOL should do well. They need not be brilliant - they just have to avoid fused wittery.

Pioupiou