If Lodge partners' report of FY10 NPAT of 100m comes to fruition (and it has been said that management are comfortable with this number), then wouldnt you pay 12PE for such a stock?
IMO if a stock is growing 15% or more per year, then a historic PE of 12 is a very good price to pay IMO.
ETC
entertainment media & telecoms corporation limited
massive deal pipeline, page-9
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