I said it months ago - RDF is a great company but is just too expensive at anything over $2 - PE for this year still will be greater then 60! Market cap around $230 Million @ $2.40 odd with 2004 Net profit to come in at just $2m maybe $3m. Current price, even after the fall from $3+ still makes the company 25% overvalued.....
redflex still too expensive!
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