Hi Colin, they've forecast EPS for FY10 of 28c so I have the PE running at 10.7 at $3. Although given their momentum maybe they will beat that. I had previously expected them to struggle to beat 30c EPS for FY11 due to extra share dilution plus H1 FY10 had an unusually low tax rate. But your right looks like they will run past $3 but I'm not a buyer above that price unless they have some huge profit forecast for next year