Hi,This is essentially a good growth company that has...

Hi,
This is essentially a good growth company that has experienced an expansion hiccup.
Sterilisation issues have now been resolved after difficulties getting their new plant up and running. They are no longer at the mercy of secondary sterilisation providers.
The second half of last year has really damaged their client base with failing to supply and will take some time to rebuild that confidence and regain the sales.

Its wont be a fast recovery - but id look to the second half of financial year for sales increases and maybe a movement in share price.

probably 6-12 months to reestablish itself in the market.
Based on prior earnings (2006) and first half sales growth they could recover well (6-12 months) and in 2009 achieve 4 eps bringing them back to around 50-60c (Great gains from current price).

Im waiting for a bit of an indication of sales recovery before entering again.

Short term - AGM on tuesday and I dont believe it will bring any brilliant news (Given current market action, could drop lower and provide some great buying).
IMHO -> Hold and wait (AGM), buy on further price discounting (dependant on AGM news).