IMO using P/E ratio to value companies is a flawed method, how can share price be a valuation input when share price is completely external input to the company.
By that logic SEK has been overvalued since $6.
As posters on here have said the market is jumping at shawdows, Equity was raised at a good price comparisons with ABC learning are drawn non stop and then you throw the word debt around and everyone runs for the hills.
I seriously doubt management will let the company get into that kind of position.
ABC was paying 13x for centres before its demise.Acquisition multiples are what im watching.
IMO EPS will surprise on the upside this year and again next year.
Just a humble mans opinion DYOR
GEM Price at posting:
$4.22 Sentiment: LT Buy Disclosure: Held
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