Ann: Analysts Briefing, page-3

I am not interested until it gets to a PE of 18 - 19 , because of performance over the past 2 years. At $68 the PE for this year is still 22. There are really deep seated issues with the China trade and competition is also strong in Australasia. Asia other than China has been the standout this year but still not enough to overcome the rest.
On a PE of 18 at this years EPS, we get a SP of $55.65 and so what EPS do people expect to get a SP above that?
It looks like the "smart" money has gone away from BKL and I am inclined to keep it company.