What an amazing uptrend for one of the smallest (but certainly not most nimble) dinosaurs under all the stock exchanges.
average (long term) PE = 40; forward PE (based on analyst estimates) = 34; earnings CAGR (backwards) =3, forwards = 4;
Is this a case of buy anything which moves ... or do people see sense in what happened to the NZX share price? Even the dividend return is now below 3% ... and certainly not risk free ...
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