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Does anyone have any thoughts on Austrim Nylex?

I have done a dcf valuation and it seems undervalued by up to 30% on current NPAT, when you bear in mind that its EPS are growing at a rate of about 20% this share seems to be a screaming buy, I recently bought @ $2.84 and it has been gyrating above and below this level but I think that this is a long term buy and hold.

Alan Jackson, ex BTR Nylex, is the CEO and is renouned for his ability to acquire good businesses cheaply and integrate them into his company.

One problem seems to be the high gearing, above 70%, although it is being addressed and has fallen in the last year.

Any thoughts?

Ash
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