Good post value snatcher. Lending and us growth at the moment is in my opinion not being factored in...well some might have picked up on that recently leading to the rise...but it is still being undervalued.
The management has been exemplary since the debacle and are miles ahead of competition...clh I mean.., the analytic system has been refined and applying the same to the U.S. market and lending gives ccp a competitive advantage. Sure there will be hiccups with a new operating environment , but as you say the risk reward pay off is great. If things don't work out the cash flow should sustain a very good dividend, especially for those who have bought during the dip.
Technically the long term chart has broken 10, if one considers this as a flag pattern , the target seems to be around 15 or 16. My first foray into ccp was at 2.60 to 2.95 and I have added at each annual report and I like the fact that they underpromise and over deliver, every single time over the last 3-4 years that I have held them...
If the market gets excited , at eps of 80 cents a pe of 20 for a growth company is not onerous. One can see what is happening with Tga ( I've held since 1.50) , ..and I notice a Tga resident pioupiou is now a ccp shareholder...
CCP Price at posting:
$10.11 Sentiment: Buy Disclosure: Held
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