TFC has been trading on PE between 5 and 10 most of its life as it has only ever been seen as an MIS company. Iceman, companies with potentially high future earnings trade at high PE's if the market beleives the future earnings forecast to be realistic. TFC's current PE suggests the market does not completely believe in the future earnings (come harvest) thus the PE remains low due to risk. If harvest goes well and yeild and quality meet expectations TFC will trade on a PE of possibly over 20 as the market realises the model works and future harvests are significantly bigger. Don't worry....it can take a while to understand the usefullness of PE ratios in stock evaluation.
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