Appen has had EPS growth 35% over the last 5 years and ?(still) has 1yr 22% 2 yr 27% forecast EPS growth and is now trading on a P/E of 35%
And it is one the only real tech growth stocks with world wide market on the ASX that pays a dividend - now 0.7% 50% franked (which is better than leaving cash stale in the bank)
Wasn't it the famous growth stock picker Peter Lynch who said if you can buy a hi growth stock above/or close to a P/E of forecast EPS growth?...
(Then do it?)
So what have I got wrong here?
Thanks
Appen Strategic Valuation, page-4
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Last
76.5¢ |
Change
-0.015(1.92%) |
Mkt cap ! $170.5M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 82.0¢ | 74.0¢ | $16.84M | 21.56M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10668 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.5¢ | 23269 | 4 |
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