whats going on, page-14

If a company is growing its earnings (like LEI) then one would expect second half earnings to be greater than first half earnings.
In the case of LEI Jun-Dec 07 showed a slightly lower eps than the previous 6 months just like EVZ would appear to be. For static growth then one would expect second half earnings to be very slightly less as most workers take their vacation in Jan/Feb.

I have just looked at a rolling 12 month eps graph for EVZ and it looks very good. I reckon a rolling graph is more meaningful as it tends to iron out the lumpiness one might get in large contract businesses like EVZ.

I would expect the add-on businesses to take a while to bed in and be paid for before their full effects are realised in the bottom line. The expansion of Syfon to Queensland looks good.