My impeccable timing to sell out of this stock really taught me a lesson about being impatient. What does Buffett say "the stock market is a device for transferring money from the impatient to the patient". 

Haha! I got what i deserved. 

RE AMO, I've been in (20c) and out (25c) as a short term trade a while back. I think the reason it trades at such a low multiple is because of the following: A) It is a fairly low-margin business. B) Management doesn't seem very well-credentialed. That's probably unfair on them and I haven't spoken to the CEO, but on paper, they don't appear to be that impressive. C) The industry is innovating and they are operating in a legacy space (distribution of technology equipment to the professional broadcast, film, recording and sound reinforcement industries and of consumer radio and video products in Australia and New Zealand) without much of a competitive moat.

Hi Vandalay, I just had a quick look at the information on SWS. The metrics match your take. At first glance the ROCE last year was 21.6%, future ROE 40%, Debt/equity of 29.2%. Non-executive Director Santo Carlini owns over 36% of the business. Non-executive chairman, Peter Wallace, bought 100,000 shares @ 23c on 26 Feb. it's not covered by any analysts on SWS. 

Intelligent Strawpeople. Please help.

I came across this company and just looking at the numbers, i feel like i must be missing something. Its trading at 27c. So on half year earnings its a PE of 5.7x if they hit the same earnings for the second half thats a PE of 2.8x.Tailing twelve months eps is 0.11 so its on a ttm PE 2.5x ....How is it possibly that cheap? Also paid 1.5c divided for the half year if they do the same thatd be 3c dividend for the full year which is like a 12% yield.

Has anyone looked into this in depth and advise whatever i am completely overlooking.