Look, the fundies at some point have to look at this...

Look, the fundies at some point have to look at this fundamentally and add to their positions average down

From an EPS perspective the PE for 2012 is sitting at about 10 at a price of 15bucks

Even if growth is 10% going forward from next yr, the PE isnt too extravagant if its sitting at circa 10

Lets say 2012 EPS is 10-12% instd of forecast 17.9% , the EPS would be $1.36, and the PE circa 11 going forward! Thats not too bad

Any good company with great historic fundamentals thats been a star performer and one of the best conpanies in the top 100 has been good value at PEs circa 10

Remember growth companies garner forward PEs of 13-14-15....now that its at PE10, it looks the goods

Unless theres a massive profit downgrade coming in 2012 or 2013....

Like i said if you forecast 12% growrh instd of 18% growth, the EPS is $1.36 in 2012 and the PE is 11.03 at 15bucks

With a good divvy well above what yod get in term deposit or bond , this is good value!

Do the sums, the PE is sitting at 10 going forward on a great company

I wouldnt expect it to fall from here.....well have to wait now for the report

Even if theres a profit downgrade 2012, i still think its good value going forward as PE has shrunk alot already and to levels that arent considered 'growth' level PEs anymore.