So they're saying 9-11 million in EBIT and last year they got 9.3 million in EBIT.
This means we are expecting EPS from 5.6-6.6 cps.
Assume a midpoint of 6.1 cps. This would still have a positive earnings trend and you would have to say would be priced higher than 10 x earnings.
This announcement values the company at more than 61 cents.......conservatively.
The knee jerkers are selling and the Buffetts are buying today.
Not surprised though, Mr Market thinks he has to do something when news comes out.
RXP Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
