Hi guys,
Just a quick calc.
EPS is 4.35cents (see E&Y audit papers)
Industry average PE ratio is 11%. (Average, expected to rise in line with expectations moving into 2H 2010)
Basic target price: 4.35 * 11 = 47.85 ... ie. $0.48
Current sp: $0.44.
Anyone else see some easy money coming up?
BMachine.