time to jump on board

time to jump on board again with this one. latest broker report from BAML rates CSV as Buy. good little run today.

Following a meeting with management the broker remains confident in its earnings estimates for coming years.

The current discount to valuation should slowly re-rate in BA-ML's view, so there is no change in Buy rating.

Target price is $1.61 Current Price is $0.95 Difference: $0.66
If CSV meets the BA-Merrill Lynch target it will return approximately 69% (excluding dividends, fees and charges).

The company's fiscal year ends in June. BA-Merrill Lynch forecasts a full year FY11 dividend of 5.40 cents and EPS of 15.20 cents. At the last closing share price the estimated dividend yield is 5.68%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.25.