SP reaction a bit oddI expected the SP to pop on the recent results, which seemed much better than what I thought they might be.
I wonder if some people are confused about the cash decline and are panic selling. Perhaps not fully understanding the seasonaility of the fluctuations in the cash levels and that the decline for Q1 would be normal.
I come out with EPS run rate earnings of around 0.80, real rough back of the enveloppe estimate.
Very cheap. Pretty much still in the "stupid cheap" category.