re: Ann: Macquarie Australia Conference Prese... in 2011 the co...

re: Ann: Macquarie Australia Conference Prese... in 2011 the co did actual earnings per share of 21.7c and in 2012 did 19.6c. Consensus for 2013 looks like 20.5c per share. So if you take 2011 - 2013 earnings per share have actually decreased .. and that is looking at typically over optimistic analyst forecasts .

Remember that this co raised equity in December last year. So maybe earnings have increased a bit but so have the no of shares. I said earnings going backwards when I should have said "earnings per share"going backwards

This co trades on almost 30x p/adjusted eps, 9.3x book (less relevant) ... but .... 23x cashflows.

The CEO has been a heavy seller of the stock, I guess he doesn't feel like waiting 23 years to get paid back out of cashflow. The co also pays out 100% of operating cashflow as dividends.

These aren't opinions, these are just facts. Operating cashflow in 2009 was 105m... in 2012 it was 73. So cashflow is going backwards

NVT is an extremely expensive stock. Sounds like people who own it are just swallowing the story

Happy to be proven wrong

DYOR