Forward eps growth is forecasted under 15% with a PE a bit higher. Market loves growing EPS growth not declining. By declining I mean declining from I think over 30% eps growth last FY. Forecasts can be wrong etc, I'm just referring to Commsec. If broader market sentiment turns stocks like this will get hammered because there's no near term good news even if in a year EPS growth picks up again. That's my only explanation since some brokers like this and it has US currency exposure, what else could it be?
Probably be a good buy into later financial years as EPS growth rates are forecasted to grow again in a year or so. Again just looking at Commsec.
Huge Broker Upgrades- Will Fly!, page-31
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