CMR 0.00% 15.0¢ compass resources limited

Hi all I have just had this stock recommended to me but I'm...

  1. 163 Posts.
    Hi all

    I have just had this stock recommended to me but I'm having a problem with the share price. If you assume a PE of 10 and from the company's own presentation then even using the upside figures the EPS for 2007 is 14 cents and 2008 is 27 cents 2009 = 148 cents. If I use 2008 figures the the company should be valued at $2.70. I can see that the 2009 figures are attractive but that is over 2 years away. Is there something I have missed?

    cheers
 
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