not sure I agree JR. The growth under JC was not necessarily...

not sure I agree JR. The growth under JC was not necessarily unsustainable. Southern, and IOP were quality assets and well managed prior to acquisition so the failure of Southern raises questions unrelated to the pace of growth. The other smaller groups acquired prior to those (MDI,Bell,et.al) were acquired at a methodical steady pace and IMO were strategically superior assets to the motley hodge-podge collection of strategically questionable acquisitions being undertaken ATM at breakneck speed. How many fringe players of questionable strategic value have been acquired since AH took the helm? From a long term holders perspective the current strategy appears to be less analytical and methodical than under the JC era. The recent acquisition of one of Melbourne's least regarded imaging groups at 8X has left many in the imaging industry scratching their heads. IMO CAJ appears to be growing for growths sake ,buying up whatever is for sale and disconcertingly at a pace that raises questions as to how well these acquisitions are been integrated into CAJ operations to deliver value.