egn is next, page-5

Hi aramalap2,
I have actually done the calculations. He has only been able to average down to $2.80 (not $2.60). I know I don't have a life.
Well if we assume a $0.80 profit per share on $2.80. That's really nothing (for a BRW Rich 200 member) over 4 years. Unless he bought his original stake for $2.60/share (not $3/share) and was averaging down from that. The share price was around $2.60 when he originally bought his stake in late Dec 07.
Cheers,
hih
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