yep you'all could be right as the PE is only 12,but I think maybe with the unknown of a potential aquisition,who knows,but without that,there could be minimal growth in shareprice and profitability over the next year. I for one would like to see a steady long term uptrend,if you look at the weekly and monthly chart,it has been in a consolidation triangle since Feb 2015 and technically only needs to break 130-31 to bust out of this and then 135 to beat resistance.It is really close to doing this as you can see by the shareprice,so what will be the catalyst?
Aquisition,increased profit guidance for forthcoming year (still too early for that I think),I'm picking it is about to breakout but will be a slow and steady climb to 180 if an aquisition doesn't happen.
I am ignoring of course the clouds that seem to be building,and calling for a correction in the markets.
T'm trying to look at the chart in front of me and ignoring the periferal noise.