API australian pharmaceutical industries limited

I'm targeting 66c for a trade - will see what happens, but I...

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    I'm targeting 66c for a trade - will see what happens, but I think we are looking at more than 5.5 cps EPS for 2014, and even 12x would be cheap. The business is showing signs of turning around. I think the uptrend will continue until this is on 18x eps over time - that will possibly require stronger credit metrics via higher EBITDA - and things appear to be improving in that regard.

    I also agree that it would be a possible takeover candidate - and possibly for a foreign co wanting to expand as well, which could bring reductions in the COGS for a start.
 
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