Look at their price earnings ration (p/e) forecasts for 2010-2011. It's 199 cents per share or 47%. Forecasts for 2011-2012 is 231 cents or 16%.
I am surprised and you are surprised.
Based on the current share price the p/e ratio is 17. This is high compared to the average market p/e ratio of 11-14.
BHP is at p/e of 11 based on 88% growth forecasts.
RIO is at p/e of 11 based on 45% growth forecasts.
WOW is at p/e of 15 based on 14% growth forecasts.
You state that growth of 47% would put them "well above $34!!!" $34 fully factors in the best case scenario for WES in fin year 2010-2011.
I would invite you to do some research and post your findings
wes - lower revenue forecasts?, page-4
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$70.59 |
Change
0.160(0.23%) |
Mkt cap ! $80.06B | |||
| Open | High | Low | Value | Volume |
| $70.25 | $70.59 | $69.83 | $65.62M | 931.8K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3506 | $70.58 |
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| Price($) | Vol. | No. |
|---|---|---|
| $70.59 | 1965 | 2 |
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| WES (ASX) Chart |