re: ETC vs the market - the mismatch can't continue too much longer.
the average growth stock (there are not not too many of them right now), say with an average 30% debt level would comfortably be trading at a forward p/e of 10 - 15x.
The blue chips such as WOW, WPL, BHP, COH and CSL etc..most carrying debts of different degrees are trading at forward p/e's of 20 - 25 x plus.
All the banks face increasing loan default risks going forward ..
and their profits would surely be squeezed.
ETC has NO DEBT and is currently trading at a Ridiculously Low forward p/e and has given guidance for FY 2009 .. what else does the market want ?
Most businesses
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ETC
entertainment media & telecoms corporation limited
re: ETC vs the market - the mismatch can't continue too much...
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