Due to market downturn/hungover 2008 sentiment, it may well drop...

Due to market downturn/hungover 2008 sentiment, it may well drop bellow 60c temporarily (especially if there are any big institutional buyers that need a bargain and have some influence on creating their own opportunities). IBA's most recent deployment of Lorenzo (hospital patient admin system) in the UK/NHS, and late 2008 into NSW too, bodes well for the company. My only concern is signif Debt/Equity ratio approx. 57%, but on a positive note for 2009 earning per share growth around 113%, and PE of 17.77 seems ok.

IBA have done a fair bit of solid work with the iSoft merger late 2007, and a fair run for 2008 considering the range of products/services they provide to the health sector, eHealth also gaining momentum in Australia.
Review the situation at end of 2009.
happy new year to all HC mob . . Cam