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08/01/13
12:16
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The price has been gradually increasing since October.
I have been to Seaworld several times and it is fairly busy, even during the Weekends. (How's that for technical analysis).
With the new theme parks in Vegas and China announced, I think a good half-year profit announcement in February and this will easily hit $5.00.
P/E is 11 compared to market average of 15, makes it about a 30% discount to fair value at $5.20.
I only wish the 6% dividend had some franking.
The only drawback is the tight shareholder ownership and lack of liquidity.
But there are certainly buyers out there, volume has been increasing over the last 3 months.
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