Why are results early?, page-4

Emma half year results are due out by the end of Feb so they arent early, they are actually late by CRZ's usual standards.

The market didnt like the results looking at the headline numbers but the way i view this stock is the current carsales.com business is a cash cow that spits out a ridiculous amount of cash for management to distribute and invest as a they please.

The australian business is largely mature so if you are to evaluate the future potential of the business you need to look at:
ICQ
Webmotors
SKENCARSALES

take a view on what you believe theses business will be like in 5 years time and that is effectively where you see the carsales business. The australian market is tiny by comparison against these markets and one day if successful the australian carsales business will represent only a small portion of the entire groups profit.