Originally Posted by
Beagle
Yes, Ryman is boring. Some people like super boring though and I would too if it was on an attractive PE.
At mid point of forecast $257.5m on 500 million shares = forecast underling eps of 51.5 cps. $14.20 places them on a forward PE of 27.6.
This compares to a forward PE of just 10.7 for MET which has been growing underlying earnings on average faster over the last 5 years and it trades on a PEG ratio of just 0.7.
No wonder someone is trying to take over MET and leaving RYM and others in the sector alone.