like we said, EPS of 30cents per share with a PE 5 gets you $1.50. Thus thats where its heading unless the market tanks bigtime which i dont see happening (therell be a pullback at some stage but no armageddon scenario as i think we've seen the bottom)
PE 5 get you $1.50 on 30cents EPS. I cant see why that isnt acheivable over the next few months.
Thats a near 70% share price upside if it goes to PE 5 at $1.50!
cant complain given the risk/reward trade-off if therea a recovery in 2010.
Barring a massive tanking of markets, thats where were heading to PE 5 times earnings at least over time
FGE Price at posting:
90.5¢ Sentiment: LT Buy Disclosure: Held