pros and cons, page-4

I haven't changed my view on this stock from any of my more detailed posts on value. I see nothing new that will drive this stock higher and can't get to values in excess of where we are and my personal valuation is lower. I thought when there was an uptrend previously that it would break barriers indicating that there were factors at play that we had not been informed about or something flawed in my view. The trend was never sustained and I would be wary as see more downside risk than upside.

PE ratios on a stock like this mean nothing if the balance sheet has got fat and needs a clean up any time soon. I will be focusing on cashflow sustainability/metrics when determining if I personally believe the stock represents value. Having looked at that data over at 10years my personal view is that the stock is fully priced without much margin of safety.

DYOR

p.s. please refer to prior posts as to my personal views as I won't post an update to these until we get new numbers for the full year.