oversold

Would like to get some views on whether any1 topping up atm?? Seems like the stock was driven down by the buyback?? Fundamentally its PE has historically traded much higher, so its at the 'lower end' of its historic PE range atm me thinks.....

Growth is still slated to be 13% this yr, but more importantly the forecasts are for 18% in 2012.

Surely this warrants a PE higher than 14 for FY11 and 12 for the next yr??

Obviously the market dsnt trust the retail environment and sector

Barring any change in capital (and debt), the ROE (and ROC) will only look better if the growth is still in place.

The finincial fundamentals thus will keep supporting a higher than average PE. A PE of 14 and 12 for next yr is the lowest ive seen it for a while

Suggesting that the current buyback and retail weakness prompts me to top up more based on the above logic assumption that growth will more or less meet forecast in FY12. At a forward PE of 12, its a BUY for me.

Aussie dollar getin stronger is better 4 margins but ppl i guess fear the online customer buying everything cheaper from amazon or ebay etc

I choose to TRUST the directors that forecasts will be met

PE should be 10%+ higher given the recent pulllback. PE 15-16 for fy11 is more like it

What do peeps think?

Top up? I dont see why not for a 10% return on trade unless ive missed something??