agreed, the whole idea of predicting stock prices is very much a circus, but pointing out the obviously high PE is not really saying much... everyone can see that. The question is why is the PE is so high and how this is not the relevant matrix of analysis for an emerging tech stock imo. Like everything though, time will prove if PME deserves its predicted valuation, I for one think there will be encouraging news and another large contract within the second half of the FY
PME Price at posting:
$22.35 Sentiment: Buy Disclosure: Held
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