FPH - Fisher Paykel Healthcare.

[Yoda]

Correct - FPH looks dear, but it always did. In my books it is in with a forward PE of 34, a backward PE of 70 (shocking) and a CAGR (slightly below) 10. Even if I apply the original Graham formula, this stock looks dear.

Just compared them to one of the truly international health care stocks: Fresenius (German healthcare giant specialising in dialysis equipment and everything related and 25 times larger than FPH) sells currently for a forward PE of 19, a backward PE of 29 and they have a CAGR above 10. Maybe I should shift some more money to Germany ... ;

On the other hand - nobody makes money by telling the markets that they are stupid. Do hold some FPH (as well as some FRE (DE) and keep monitoring the uptrend ...

Isnt it harder for massive companies to expand at a fast rate? With FPH being smaller, they have the advantage ,and many companies that have gone on to great heights have had PE of 40 + in the early years. I think this company will just keep on going , with all the ill health,obesity and the rest. We use Fph at our hospital, and everyone loves their technology . Up 400% in 5 yrs, ...let it run

dis. Holding not enough ......