In 2008 I was pretty new into value investing, having read a few Warren Buffett related books I followed his advice and started reading annual reports beginning from companies starting with A! When I came to C I stumbled across this IT retailer called Challenger Technologies, I have been to their retail stores before and I was surprised that they are a listed company. This was what their numbers looked like in 2008 I couldn't help but notice their explosive revenue growth, as revenues more than doubled from 2004 to 2008, profit after tax also nearly doubled. 2008 was the global financial crisis but Challenger stood well despite a fall in profits (many companies were doing a lot worse), I felt it had a defensive business selling needs instead of wants (everyone needed IT gadgets, funny and weird isn't it?) Other things that I liked was the high return ......