I am with Z_man on this one.
- PE of eight already factors in the worst
- They have excellent client relationships
- Cash flow for FY08/9 will be very high (>$8m)
- Thus gearing of 40% is no major issue
- Motivated shareholding management team (family)
- Twenty years of revenue growth
- Great buying for Graeme Hart (Carter Holt) or Amcor
- Boring enough to go under the radar
- Generous and growing dividend (although I would just as well see them pay down debt with the free cash!)
Just my 10 cents worth.
Current price 54 cents.
Target price 70 cents.
- Forums
- ASX - By Stock
- somethings brewing
I am with Z_man on this one. - PE of eight already factors in...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)