Psychiatrist,
I'd suggest that CCP at a PE of 20 is onerous. US is still running at a loss and will continue to do so for this year - essentially treading water until the demand/supply situation changes. So the majority of the earnings will be from the Australian PDLs, and lending, which in my view, needs more time and numbers to provide any sort of certainty of high growth. And I always have the fore front of my mind that the treatment and amortisation of PDLs on the books is a black box with limited visibility (outside of the metrics shared in previous posts) to shareholders. Don't get me wrong - I think the management since the GFC has been excellent, and conservative with the financials - but PE of 20 would be a stretch. Fair value to me right now is a PE of 12-14 (i.e. $9.60-$11.20).
slooi1
CCP Price at posting:
$10.11 Sentiment: Hold Disclosure: Held
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