well not really, infra co's are all about cash flow so you cant value them on a P/E basis because they will never have huge earnings growth.
you need to value them on a discounted cash flow.
Lynch has effectively made TCL a $4-$5 stock for the forseable future, the only way it can grow is via acquisition and to fund this it must either raise capital or debt.
TCL will never be a growth stock, the only way it could do that is acquire and given the new distain for debt and now low share price i cant see it happening.
as for CEU, i hold CEU stock and i would not take TCL script in a takeover, its cash or nothing. anyway TCL would have to offer $2 to get Leightons holding anyway.
TCL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
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