PE of 17 for a profit making growth company is cheap.
28 millions profit for continuing business,
If they drop admin costs from 70M to 60M there will be an additional 10m profit Grow sales 10% = 24 million, profit = 24x0.4 (margin)= 9.6Million
then profit will be 47.6M a 50% increase. That would be amazing growth for a company with PE of 17.
You can buy a bank with a PE of 12 but there is low chance of growth, capitol loss if housing crash / recession, which has been predicted for the last several years, does eventuate?
PGC being in health care is some what defensive in the event of a recession.
Shorts are very low at 0.4 %. So shorters arent interested in the company with is a good sign.
PGC Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held
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