CAJ to Reach $1, page-28

I wouldn't be too worried, at this stage, about the high PE as it will be mitigated by the company's often flagged intention to expand "both organically and via acquisition" - Conidi's words today following the appointment of Andrew Demetriou as non executive director and chairman. That appointment only reinforces the prospect of interstate acquisition which, I believe will occur sooner than most people think. When that happens, forget about the high PE albatross as it will be a thing of the past once expotential growth and profit are generated. It's just a waiting game - not "if" but "when"