Today the market price went down to $0.49, this is unbelievable !!!
This represents a multiple of only 5.5 times FY09 EPS for a company with a leading position in traditional, online, and sports ground advertising driving solid double digit EPS growth.
In this space, the ratio should be around 15, if not higher. Hence the price target of $1.3-1.5 with most analysts.
Has to be (one of ) the bargain(s) of the year.
The worst side of this story is that the chart doesn't look good. at all. and further sp downslide may still occur before it bounces back ... On the other hand, it may as well be the bottom and will lead me to average down sooner rather than later.
one of the bargains of the year
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