Forum Archive Index - October 2001
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Re: [sharechat] PRG and Gaynor
With a historical P/E at $2 is 9.7
which was achieved without much contribution
from abnormals, $1.76 seems too cheap.
Then there is talk of future growth initiatives.
On top of that there is last years earnings of 20cps
which weren't returned to shareholders as
dividends - i.e. any buyer gets 20 cps for free.
I think Gaynor may have missed some basic points,
Derek
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