pcg :valuation 101, page-3

re: orlando I agree with your analogy there that people think its boring stock and that P/E is low due to cyclical nature of biz.

I just thought that given the strong fundamentals of the china story and the global shortage of the oil and gas industry, this 'small cap' could be awarded a more generous P/E.

yeah i guess over time more and more people will come round, esp a few fundies - like u said once the stock loses its 'cyclical' stigma and all the investment theyve been doin comes through for them.

Like MAH, all they need is a few large contracts and show that it is growing its order book (MAH is cyclical as well and trading on a HIGH P/E); The MAH biz model may be seen as a little more diversified and or dynmamic than PCH as 'scoffolding and form-work' dont sound that appealing???

Anyways its good to see the stock supported by HUNTLEYS whom is usually slightly conservative. Huntleys reckons that MAH should not be afforded a P/E above 10 valuing them at 65cents.

Fundy support obviously plays a big-part in MAH P/E

I know that within time theyll come round though re PCH
as its a great small gap growth play!

may be 'boring' but itll do the job: get in 80, sell at $1.20 a year from now and look at the return from an investment pt of view.