Ann: Annual Report to shareholders, page-2

All very quiet on the Hansen front these days.

I still hold, sold 50% when I doubled my money a while ago.
It was $4.50 a year or so ago and has fallen but not yet hit my stop.

It has been a rewarding coy to hold in the past and I reckon will be again in the future.
It has taken a while to digest the latest acquisition it seems but this report tells us that normal transmission will be resumed as soon as possible.

So if anybody is interested in my opinion, I think you could do worse than load up with HSN to get ready for the ride back to where it was last September.

Longer term, management/founder hold a lot of shares and they have been focused on growth for a long time. Now they are a bigger coy some takeovers might be more expensive and take longer to digest so sp may well gyrate a bit. No real problem with that as their business is stable and well insulated from the world's financial frights. They also are geographically spread which helps, but the US:Au $ ratio does impact HSN's profits - more gyrations but a long term hold for mine.

But, read the report for yourself and make up your own mind as I do not have a crystal ball.

Cheers,