>Take PDN for example. It is on a P/E of 4
Hey Tibbs,
In all due respect I disagree with the P/E of 4. For PDN to have a P/E of 4 it would have to have earnings of at least 750 million P/annum. PDN only generates less than 100 million in profit P/annum so is currently trading at a P/E of well north of 30.
