Alerts flashing caused me to look at PRG and spotted managements estimate of FY17 EBITA of 100-110m.
That puts PRG on a fwd PE of about 3.0!! Good enough for me. Just bought some at $1.498av. Anyone else buying some? But company is not without risk of revealing further bad news.
PS.As mentioned by earlier poster mind boggling to thing PRG rejected a TO by SPO at $6.11!! PRG has been very badly managed and they bought Skilled just as recruitment for workers crashed. Will PRG now become a TO target again after huge price fall? Does have a string of exc maintenance contracts.
PRG Price at posting:
$1.49 Sentiment: None Disclosure: Held
