please explain, page-5

re: please explain for jermaynew Bit of discussion on fundamentals are high current PE.

Here's my rough guesses for future profits
Profit PE
03/04 3 to 3.5M large
04/05 11m 22
05/06 20M 12.5
06/07 30M 8.3
07/08 40M 6.3
08/09 50m 5

Last 3 are pretty rough but 10M yearly increases are pretty conservative.

It you understand the profit outlooks then it is easy to understand why big investors and small insto's are buying this stock.