Forum Archive Index - January 2002

["Nick Kearney" <nickk@quicksilver.net.nz>]

Yeah...you basically know what I was getting at.

Consider now the p/e of some USA tech stocks which are still at 50 or above.

Makes you wonder doesn't it.

Cheers Pete.

NK
----- Original Message -----
From: "Peter" <pmaiden@today.com.au>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, January 20, 2002 1:24 PM
Subject: [sharechat] Bendon p/e


> Nick - presume referring to the p/e of 3 which is shown on some sites.
>
> This is based on last years earnings which included the profits from
> the sale of the China Clays business.
>
> The Bendon business EBIT is forecast at $5M. That puts a different
> light on the p/e going forward.
>
> Bendon Group has $18M in cash and the Bendon business. Now there are
> a few interested parties interested could be worth a punt.
>
> The Bendon business at $40M is only 8 times EBIT which suggests there
> is some upside, esp for such valuable brands.
>
> Wait and see what happens
>
> Cheers
>
> Peter
>
>
>
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