"WOR is an interesting stock because there's no reason why it should be getting hammered the way it is."
You could say that at the moment probably for about 80% of listed stocks.
WOR trading on a FY 2009 PE of about 7 at the moment, which is about fair value for the current market.
I hold NMS, which is currently trading on a PE of 3.5 based on FY 2009 forecasts, but in a recent Patersons update, they had a price target of 59 cents, which would put them on a PE of about 8, which is only just above where WOR is right now.
As market confidence returns, earnings multiples should recover.
chart, page-4
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Last
$14.53 |
Change
0.170(1.18%) |
Mkt cap ! $7.666B | |||
| Open | High | Low | Value | Volume |
| $14.37 | $14.59 | $14.37 | $11.42M | 788.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 492 | $14.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.53 | 609 | 6 |
View Market Depth
| Last trade - 11.16am 19/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |