MTU 0.00% $12.17 m2 group ltd

Hi II think we have reason to be excited and to continue holding...

  1. 528 Posts.
    Hi I

    I think we have reason to be excited and to continue holding for more. Yes the share is finally being recognized but over valuation on forward earnings is not with us yet. I still see the $3 as being fairly valued and still not over valued. The momentum with the stock is very positive at present and shows no sign of stopping. Could be a great Xmas present yet.

    As a reminder of valuations refer Dean Morrels fusioninvesting.com website and consider this years forward Eps approx 20cps. Market average pe of 15 is $3.

    http://www.fusioninvesting.com/2009/09/m2-telecommunications-analysis-and-valuation/
 
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