punters,
with macquarie forcasting $195M profit, the company is currently trading on a PE of 1!!! even if 2009 profit fall by 75% to $50M, at current levels it is on a forward PE of 4 times!!! you can't even buy a take-away shop for these multiples!!!
which brings me to the conclusion...what the hell is going on here? who is selling down this stock? does someone know something the rest of the market doesn't? or is this just the best buying opportunity for 2009???
pe of 1
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