I'm with you Ryan, this is not only a bad deal (except for Philo, who walk away with cash for a concept that hasn't delivered), but it also shows a company who is afraid to make a significant deal.
Class only grew by 1.3% for the Quarter, but are trading on a P.E. of 22x.
The P.E. demands a Growth Story, but with people starting to flee SMSFs, due to a potential Labor government taking away the Franking credits, I'm seeing the opposite of a growth story.
Can you see anything to look forward to?
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