I sold my holding right after seeing the Friday report at 6.51 average price.
Still rate it a 9 out of 10 company with strong fundamentals and super strong leadership. I LOVE reading the management commentry. What a brilliant mind he's got. simply adore him.
However, the FY13 result simply does not justify the lofty valuation anymore. Also anticipate a FY14H1 that's to look weak on face value.
I expect the growth will be there still, but less certain without the CDDS.
Absolutely high on my watch list. As soon as it hits my updated BUY price, I'd be accumulating again.
Short term: a SELL for me.
ONT Price at posting:
$6.41 Sentiment: ST Sell Disclosure: Not Held
