Wow.A PE of 4.5 with a business model that will not be killed by...

Wow.

A PE of 4.5 with a business model that will not be killed by the current economic climate.

Businesses subscribe to the service in order to save money and effort (rather than having to fax through funds transfers, they can do it in 20 seconds).

Reading the CEO's brief, he makes sense that the regulatory environment will see more automation in the wake of the current debacle - leading to more long term growth.

PE 4.5 for a company that is not in dire straights is pretty funny - except for the holders.