FBU is waiting.
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Getting my car serviced on Thursday and my Mechanic needs that big ramp back if you don't mind. Market doesn't believe in the credibility of STU board's earnings so the question of the real PE in this systemically problematic and highly cyclical industry is wide open. Some would even argue a PE of only 7 is applicable in an industry at the top of its cycle...and that assumes you can reliably predict the earnings and in the case of the two ugly construction cousins we know that's impossible :p
Back to $1.20 when all this nonsense is over ?
the dodgy reinforcing steel they sold has not been settled yet has it?
Over in Aussie FXL is guiding for a potential double digit cash NPAT growth (which may lead to a record cash NPAT result) and has always paid a dividend (current yield is 4.5%) and facing no class action... but is over 30% 'cheaper' than STU, with a forward PE of 6.6 (waay lower than STU) ... it is far from up, up and away!