Hi guys,JMB is a good company with excellent fundamentals and an...

Hi guys,

JMB is a good company with excellent fundamentals and an excellent growth story both from a macro industry and micro company perspective.

Lots of cash, no debt, market leader (social networking), No 2 in internet auctions and car sales in Australia (just look at potential here comparing Oztion and Car Buddy to E-Bay, Trademe (NZ), and Carsales.com.au), growth story, maiden dividend.

Mark Doughty is a very onto it guy and responsive to shareholders.

However,

The share pirce is dead-in-the-water and it is very illiquid.

The opportunity cost of holding JMB has been very high over the past six months when the market has rallied strongly.

I had to really work hard to sell down my large holding during this period to get my funds working harder elsewhere.

I certainly DON'T regret selling JMB over past six months when I see the returns that my $$ have achieved elsewhere.

However, JMB is fundamentally a good little company that will re-rate strongly over time and could well be taken out by a larger international competitor.

I still hold a truckload, but happy to have sold down. Will increase my holding again when the time is right.

Cheers
John