A great post friend. Yes , the EV / EBITDA is attractive at ~30x for a Growth company compared to say XRO as you say. Penetrating the Catholic sector is now imperative I feel, as maybe the protestant churches are more or less getting to saturation point ?? As mentioned previously, congregation sizes are on the decline, so what is also vitally important in my opinion, is that they continue with vigour the R+D side of things ( Fingers in as many pies as is possible, as long as the expenditure doesn't blow out ) I still have great faith in future of the company hence my full holding in the company stays 100% intact Let's just take it step by step for now and see what transpires on the10th Nov Regards.
PPH Price at posting:
$1.55 Sentiment: Hold Disclosure: Held
