If the takeover miraculously succeeds (I only give it 1% mind you) - FDY will be probably be trading at a p/e of 1x or less !! .. but what's wrong with a p/e of 3-4 x if it doesnt.
FDY looks like good value regardless - showing strong revenue growth .. but let's see what the HY results show .. as my valuations could be out.
I'm looking for a HY eps of around 2.5 cents ..(annualised 5 cents) which would mean a p/e of about 3 x.
lets's see.
i've taken a punt with it anyway,,
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