RE: RE: history of haveland, in a "nut"shell(pre tIt would appear that you over estimated the drop in revenue big time. It would also appear that you have continually done so. Seems to me that you don't have much credibility when it comes to your forecasts for this company. They show a 1% drop in the first quarter. 5% down in the directory revenue which means digital is growing. They have been announcing many new digital initiatives and are forecasting a turnaround for 2011.
In this case I'll stick with managements outlook as they certainly appear active in rebuilding and rebranding the company all the while I'll be collecting my 10% plus dividends.
Cheers.