ITC impress energy limited
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Mikayla,Using P/E ratios is a totally floored model on resource...

  1. buffett
    3,308 Posts.
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    11/11/09
    00:50
    Post #: 5897007
    Mikayla,
    Using P/E ratios is a totally floored model on resource stocks. Resources have a finite life so need to use DCF method. Remember it is absolutely silly to aplly say a PE of 17 if resource life is only say another 7 years.
    Regards
    Buffett
    PS I also hold the stock, but not because of PE valuations.
    ITC Price at posting: 5.6¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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