yep with a MEDIUM to LONG TERM perspective its CHEAP if the...

yep with a MEDIUM to LONG TERM perspective its CHEAP if the growth continues around 20%, and ROE or ROC are high as well as cash flow or EBITDA/EQUITY or capital. Any long financial model will spit out a value waaaaay higher than 19bucks as the optimal buy price. That is so as long as EPS keeps growing at high levels of close to or higher than 20% with no major dilution.

When it was 22-23 bucks roger montgomery came on your money your call on sky business and said he STILL thought it was great value and would buy it up to (from memorex) 26bucks according to his financial modelling.

certainly if the growth is still there and as long as its there year on year, you can see how every year the current PE will go down based on higher and higher EPS compounded each year. ROE dido with decent payouts of divvys.

its a no brainer for mid- long term barring a major recession

ppl and especially young ppl will keep going there to buy movies cds dvds, tv series dvds, and LAPTOPS and I-PHONES; The older crew buying big screens and other electronics other than laptops, will also go to harvey norman and the like, but JBH have the movies, tv series dvds CD market in near monopoly. And youngans will keep buying 10-15 buck dvds or cd's no matter what. LAPTOPS for uni as well or for WORK or DESIGN.

19 bucks is CHEAP baby,.