- Joined
- 1 February 2007
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With a forecast EPS of 50cents for at least the next two years who ever end up with CSM as around the $4 mark is buying an extrememly cheap comapny with a P/E of only around 8 at this point. In my mind when I first looked at this stock at around the $2 mark I certainly saw a fallen angel and I am sure that those bidding can see the other upsides. It might also be interesting if you look into the other highlights that this company has such as Jabiru and also a joint venture with YML which may a remind has gone from 13cents to 90 cents in a matter of weeks due to its sucess. To my way of thinking this company certainly has a hell of a lot more to offer and through no favours from our directors though as the only thing they seem focussed on is keeping their jobs. All I can say to everyone is hold on who knows if Tinfos comes into the picture $5 isn't unreasonable.