Hi,
I too believe that COH has great prospects over the next several years.
That said, I believe the price decline is because COH did not meet analyst expectations.
Concensus Growth of 23.8% for FY08 was expected.
Company Guidance came in at 15-20% for FY08 depending on AUD strength.
So yes - great business, but the previous price was reflecting 'too high' a forward PE.
Joel
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Last
$305.56 |
Change
-7.440(2.38%) |
Mkt cap ! $20.01B | |||
| Open | High | Low | Value | Volume |
| $312.62 | $314.90 | $304.56 | $106.9M | 347.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 572 | $305.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $307.85 | 100 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| COH (ASX) Chart |