dividend yield v's sp - any views?, page-2

pfuzzy,

WTF price at $3.94

Valuation
PE 14.18
Divi 6.35%

Financials
EPS 27.38cents expected to grow 2013 29 and 2014 31 cents

Profitabilty
ROE 58.90

Health

Net Debt/Equity - 142%

WTF has 36% market share Aussie online booking accomodation


Positive high lights from Annual report

Record $1.161b in travel transactions processed, up 5% (FY11: $1.106b)

Sold one-in-ten accommodation room nights in Australia

Wotif.com brand awareness 66% in Australia and 39% in New Zealand

(FY11: 60% and 39% respectively)

23,500+ properties directly represented (up 20%)

Additional 6,900 properties from Tourico

Properties in 69 countries

Mobile site and app deliver 14% of traffic and 9% of Wotif.com room nights

Holiday rentals launched on Wotif.com

Successful launch of international flights on Wotif.com

Positves - So some growth in EPS and good market share
has a mote first mover advantage good web site adapting to tech savy mobile apps
Good value at present could be some growth and maintaining the divi, New CEO could identify opportunities,
Online provider..efficient

negatives - are high Debt to equity share price slide from 7 to $3.95 ( is this the low point of the trend?Can the board get this back to $7 IN 3 YRS?)
online competitor? ( non at present)
Ex CEO has left ( yes he saw the opportunity to go for a better paid job at Tatts)

Would i buy would see what the plans are for growth.