another day another valuation upgrade!, page-16

Hi SD
This fall is unwarranted based on earnings forecasts and recent interview on BRR with VB when he talked positively the price paid for last two acquisitions and the Cos ability to integrate them,plus the ability to generate organic growth from them once bedded down .He also spoke about good month on month sales success to existing customers,and strong sales to wireless broadband market.

Coupling this all with his positive statements that M2 is well positioned to handle the effect of NBN ,my view was that the Co is continuing to grow its earnings as forecast and warrant targets by 4 brokers over $4

Im suspicious that the recent sell put out at $3.5 was a move in conjunction with sell bots to get the price down and pick up stock from nervous holders (and to a degree they have been sucessful)