hits .145, page-3

based on 09/10 forecast earnings of 3.4 cps (from e*trade) this baby is now trading on a forward 09/10 P/E of just 4. Questions remain as to how accurate those forecasts are and whether you want to wait that long and bear the comensurate risk - the further out the forecast of earnings the greater the risk of error in the forecasts. However using simple PER's with current sector avg P/E of 19.27, with eps of 3.4 in 09/10 this one should be trading around .65 (in 09/10). Thats a long way from .145 - roughly 4.5 times in fact. But again those earnings are along way away. Also it might not be sensible to apply an 07/08 PER sector average to 09/10 - who knows where prices will be then. Just wished i had waited for these levels either way. The growth in earnings is quite clearly predicted to be dramatic. Thats all domestic however - there is still the china blue sky element. Will China ever pay off though? Will the RBA Payment issues be sorted sooner rather than later. Another question i find myself asking recently is the earnings risk for CUS incurred during a recessionary environment. Surely transaction volume will be effected in a recessionary environment but to what extent. If its significant then CUS could be very very overpriced even for 09/10 (in the event we head into recession - which despite the US doesnt appear likely) Who knows. Ah the joys of sharemarket investing ...