i put clh on my shortened buy list after screening the asx list...

i put clh on my shortened buy list after screening the asx list of companies on their metrics over the last five years ie. how they faired over the testing conditions of the gfc.
the metrics were - yield, earnings growth, pe, average pe, roe, book/shr, and operating margin.

the large numbers of staff they were intending to put on in the phillipies (i think) to convert their large debt ledgers to cash seemed to be a positive for substantially increased cash flow. plus the continued climate of over-indebtedness also semed a positive for clh's field of business.

the current h1. earnigs upgrade suggest a very approx. 16c. eps. for fy2013

pe for the last 5 yrs. has averaged less than 7.0, however pe for the last 10 yrs. average is 13.7

given the strong finacial performance of clh over the last 5 years and the financial market's current bias towards shares due to record low interest rates a pe of 10.0 seems reasonable.

if the all of my above assumptions turn out to be somewhere near correct then i get a share price in the order of $1.60

any thoughts

GK.