based on its earnings forecast of 15% growth, its pe ratio is low. however, like MQG its eps in 2009/2010 is expected to decline by 5%-10% in the best case scenario - probably more if the credit squeeze continues well into late next year.
if you already hold (like I do) there is no need to rush in as i think that in the short term there is more likely to be more bad news for US financial companies, more confirmation of US recession.
accumulate around ~$11.
BNB
babcock & brown limited
