write down of intangibles and goodwill, page-14

Hoping this is the low point, although presentation wasn't very positive.

A couple of points did come out which will assist share price:

1) They are going to cut costs by closing down 3 factories
2) Sounds like they streamlining their business units
3) Some of their costs will be absorbed from their customers
4) They are going to manufacture less in their Australian operations and import more, cost savings
5) They did say that many of these initiaves would create tail winds of millions of dollars

Hoping in 4 months we see some SP relief