cus gets to play in the bigger boys league now, page-5

Tana, 08/09 PER is huge at close to nearly 60 (based on eps of .049)however such a ratio is really irrelevant now, current year (09/10) PER based on analysts estimates of 31cps is about 9, - I anticipate earnings of close to 34cps so that gives a current year PER of about 8.3 based on my estimates - the difference in PERs for the previous and current year is a reflection of the dramatic change in profit brought about by direct charging from 3 March 09. Then there are the possible increases in future earnings based on possible increase in the ATM fleet, increases in atm advertising and associated revenue and earnings from NZ(of course there are also risks to earnings that you should bear in mind) but all in all I still think CUS is very cheap based upon the quality of its business which even in the current skittish market I think should be commanding a PER of about 12. DYOR!