WAM!! Share Price Rubbish?

[bongo66]

Having got in on this company late @ $6 it looks like they could keep growing their biz for quite some time to come.

After contributing $10000.00 plus to their bottom line myself over the last 7 years I should have known better to get in earlier!!

Isnt the SP getting a little carried away with itself?

My return at the price I bought minus the 24c odd gross DIV will give me around an 8%PA gross yeild. Im happy to get that...

B

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[The P.O.D.]

Bongo,

an intersting problem. I bought in at 2.90 a few years back and sold around this time last year for 4.50. Watched it go up ever since. I would stick with it for a while yet if I was you. This stock is a broker favourite from way back, based on percieved fundementals and a near monopoly, and therefore they will chase it up to a high p/e. I think in the 90's it has a p/e in the 40's.