Unbelievable that this is probably going to punch through $200 this month. It's almost an absolute certainty that the PE will drop by 35% when the earnings come in so I guess fundies are buying on that. This is without any new customers.
Did anyone watch the Aus Biz interview or the Sky News interview? Sky News was on Sunday. PME has never lost a customer. Zero churn. Every customer since Visage 7 purchase has resigned.
This makes calculating minimum earnings very easy for fundies with big calculators. This predictability of earnings lowers the risk of buying at a higher PE, based on that PE coming down.
I always promised myself I was going to get PME tattooed on my arm if it ever got to $350 (which would be 100x for me). I'm starting to regret that promise now!
PME Price at posting:
$191.50 Sentiment: Buy Disclosure: Held
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