Reporting season drew to a close last week. With many stocks trading at elevated PE ratios, expectations were high for low-volatility and growth stocks alike. Punishment has been severe for those who didn’t deliver; Blackmores dropped 20% in a day after reporting, and has since fallen a further 7.5% near to a 52-week low All up, it has now fallen 47.3% since closing at an all-time high of $220.90 on the first trading day of January. So in the wake of reporting season, we reached out to three our contributors to ask what the stand-out themes were, and also asked them for the CEO commentary that most strongly caught their attention. Responses come from Julian Beaumont, Investment Director at Bennelong Australian Equity Partners; Simon Shields, Principal at Monash Investors; and Joel Gray, Senior Analyst at Hyperion Asset Management.