Looking at the numbers Forecast EPS Guidance (8 April) is 34-36c which puts ABS at a PE ratio of 4.2.Oversold in my view.Once the short sellers leave the seen it will move back up.It has traded around a PE of 20 and at one stage was 27 in 2005.The overall market is trading at a PE of 13.At $2 ABC will be trading at a PE of 6.
ABS
a.b.c. learning centres limited
