Just read the annual report, in paper form......the best way to do it.
It seems to me these guys are expecting "solid earnings growth" in the core PDL business. This business accounts for nearly all the revenue. They expect the other little bits to get better as well, or keep treading water in the case of the US.
I suspect we will see quite a bit better than 75 cents per share for FY15.
They make a couple of statements that make me think they can get this approximate >15% return on equity pretty darn comfortably and probably control their debt level and pricing structure to stay about where they are.
I know you can't predict the future, but I feel better about this company than any I have every owned.
For the last 9 years I have bought cheap companies. Now I am aiming for good and cheap.
CCP Price at posting:
$9.49 Sentiment: Buy Disclosure: Held
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