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From: | "Trevor Gilbert" <trevor@tgif.co.nz> |
Date: | Thu, 19 Jul 2001 13:16:01 +1200 |
I'd
appreciate any thoughts from chatters on this stock?
Its
what I would term a regional services monopoly and has fairly consistent earning
history over the last 5 years.
I've
played around with the past data using Buffetology methods and come up with a
projected per share earnings of $0.60 2011 and a share price of $9.00 at that
date assuming a PE of a conservative 15.
Discounting this to a present value using a 16%
compounded return and I get a present share price of $2.04.
Its
trading at $1.53 today and would on the face of it look like a good
buy.
Any
comments from anybody with greater knowledge than I?
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