PME pro medicus limited

dead cat bounce? Elective surgery in most hospitals are deferred...

  1. 4,567 Posts.
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    dead cat bounce? Elective surgery in most hospitals are deferred for COVID-19, in USA. COVID-19 is worsening in the US. No known cure.

    PME's software is linked to elective surgeries.

    surely a downgrade in EPS in FY20, and unknown for FY21 depending on the covid-19, so thats nearly 1-2 years affected.

    Price too high @ $20, nearly 100 p/e ratio and 0.5% dividend yield, is not compelling.

    Even pre-COVID 19, EPS was forecast up to 40c-50c range for FY22/FY23, so thats till a 40 p/e ratio @ $20, which is high.
    Last edited by Nige456: 30/03/20
 
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