asf,
I'm aware of the news put out by the company.
My point was that there has already been a significant share price fall so that news is already overbaked into the share price.
The profit drop you cited is also not that bad and not much of a drop in earnings, which backs up my point above. Wotif has 25% of the market according to ETrade so it is a competitive force.
The magnitude of the share price drop is completely out of proportion to the news. Are you hoping to pick some up cheap?
asf,I'm aware of the news put out by the company.My point was...
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