Acturtle, just a reminder that in the past year if i remember correctly, they (nhr) have done a 1 share for every 5 shares held 'reconstruction' effectively increasing the price 5 times,so you need to take that into account when comparing p/e's.
the reasoning behind this share 'reconstruction' was i think to reduce the share price trading and effectively tidy up the share registry(ie. have alot more instos on board and less daytraders) whilst really nothing in the the short term from a business operation changed
personally, i think they(nhr) would have been better of going with a 1 for 3 'reconstruction', thereby pricing the stock at about under $1.00 buck and possibly still having the same share tarding activity outcome and not leaving the stock watchers as seeing NHR at or near fully valued
NHR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
