Hey Pistol, in my view, the current 14x the 38.7c earnings in the last 12 months is a bit on the low side, given that 14x is the historic market average & CCP are consistently trouncing the market, I think 16x the forecast 44c earnings for current FY is not unreasonable, which could mean "duicorp" is getting sore fingers posting regular updates on the new high all the way to somewhere in the region of $7. I still think there are cheaper prospects floating around, though I am far from a seller at current prices.
There is no guarantee this ($7 within 12 months) will occur of course, it is just my view of how a rational market would treat such a company. In any case stay safe - eternalgrowth.
Blog: www.eternalgrowthpartners.com
CCP Price at posting:
$5.41 Sentiment: Hold Disclosure: Held
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