DXL's is overvalued IMHO. Forecast profit (Approx $180m) is only 6% earnings yield based on the current share price. They would have to steal a significant amount of business from Orica and others to be regarded as a growth stock.
They are an international company and will definitely benefit from the current resources boom but in view came on market with most of the benefit already priced in.
DXL
dyno nobel limited
dxl - looking cheap with huge potential, page-2
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