Art --
EFII has lots of debt, very high PE, yet is ranked 6th from the top
EFII has about $240m in debt; however, Shareholder Equity is 654.8m and Cash & Equivalents are $524.1m. Therefore, while to you and me, $240m is "lots of debt", with respect to EFII in general it isn't alot. Additionally, EFII's operating margins are more than sufficient to cover the interest expense.
Regarding it's Price to Earnings ratio, remember, a P/E ratio is a "shortcut" for valuation. Also, remember, one cannot look at these ratios in a vacuum. If investing were about investing in low P/E ratios, it would be easy and everyone would make money. |
