Analysts EPS expectations for 2018 is 18c.
Whilst i agree that earnings should stabilize in 2018, its unlikely that earnings will grow significantly.
So given ex-growth status, I would not want to pay in excess of 10 times earnings.
Hence in my opinion CAB becomes an accumulate at a price below $1.80 and a buy at prices significantly below $1.80.
I am happy to sit on the sidelines for the moment.
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