Boy, have I been wrong in “having little doubt that the stock price will go down from $1.18” (and that is what I love about the financial markets). I’m not afraid to be wrong; I’m afraid to be wrong and not learn from being wrong.

With CASA suddenly cooperative with Tiger (contra to some reports, today’s adjournment was requested by both parties, not just Tiger), the odds that the ban will be lifted on Aug 1 have increased significantly.

However, thinking as a value investor I don’t really care that much about the ban; I care more about how the Australian business will be affected after the ban is eventually lifted (which it will be sooner or later). From commenters at the Sydney Morning Herald, it looks like not a lot:

Welcome back Tiger. Hope you get a fair go this time.

have a flight ...