ALZLooking at this stock shows 2007 2008 2009 2010 EPS 17.6 18.4...

ALZ

Looking at this stock shows
2007 2008 2009 2010
EPS 17.6 18.4 18.8 19.4
DPS 17.0 17.1 17.3 17.5
on a current share price of $1.27 this means a yield of 13.46% and a P/E of just 7.4

So my question is why IS the price so low when the Company issued guidance in April that it is still on track for 2% -3% growth.

If this growth was now in question then surely they must announce this fact to the market otherwise the ACCC would be on their case(Huge Assumption).

Their debt situation is not overly onerous and they do not have to refinance till 2009 at the earliest.
Interest cover is 3.3 times(not good but certainly not bad).
Look through Gearing at 40.8%(not good but certainly not bad).


Surely with this yield and even if the growth stagnates when they update us in June then it must be one of the best bargains( along with TIMPB) in the market????

Confused Golfnut