"That is why this is such a long term prospect. Locked in orders...

"That is why this is such a long term prospect. Locked in orders years in advance and then sales for the life of the product!!!!!!!"

and this is exactly why i believe the p/e will remain higher that 37. When investors invest, it is usually on an estimate, based on hope, of future demand. This is reflected in the p/e. However, in UNI's case it will be based on long term booked orders ie secure revenue. This will warrant a premium on the share price which will be reflected in a much higher p/e. How much higher, of course I do not know, but would not be surprised for the p/e to remain at 80+ over 3-4 years.