Had a nice run up recently after a 2 and a half year tight trading range.
Looks financially strong, cheap and might have more fuel in the tank for $2 plus?
Worth some research - looks a bargain - but does have 'hicups' it seems about every 3 or 4 reporting periods.
Earnings for the first half to December are higher than all of 2005 so the full year should be a nice report? Not too often you find a stock with a solid business (and not seasonal) that makes more money in the half year than all the prior year and the price goes down.
Also the recent earnings are the best since 1997 - 1999 before they deteriorated before recovery in eps grow restarted in first half report for fin year 2002.
Pays a 4% divvie and trades on a pe of just under 10 using first half this fin year and second half last year. If second half this year is as good as first half this year then might be trading on a pe of 7 in a sector where the average is just over 15.5.
Looks cheap and worth some research.
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