I'm inclined to agree with being very careful with the...

I'm inclined to agree with being very careful with the Montgomery research. When you have a high profile media commentator who is also a fund manager, it pays to be do double your research on any company mentioned before doing anything!

As for BYI, I'm interested to get fellow holders' perspective on the outlook. Of course nothing came via the directors, typical of very boring, high quality companies - who say little, but perpetually deliver. (other examples NCK, SNL, ARP).

Reading closely the BYI 1H2014 report I noted the following:
* Demand remains stable for the company's production material.
* The company appears more optimistic that the digital marketing division will now start to contribute to profit.
* Capitalised production costs rose.
* The company saw fit to raise the dividend despite earnings being slightly weaker.

Weighing this up, seems to me the company is trading well and I'm expecting that they can surpass FY2013 result, all going well with the production cycle.