Morning All,
Yes Franco, I'm familiar with Fosters Beer (that's the cheap crap we
sell overseas for export dollars, whilst native Australians drink the
good stuff at home). Unfortunately, we don't seem to get too many beer
commercials in Saudi Arabia, seeing that alcohol is illegal, so I don't get
the reference, sorry.
I'm not sure I'd go along with a 50 PE ratio estimate, and I'm concerned
that this may overly raise expectations of some investors, especially if
a few bucks in earnings are expected with some of the upcoming news and
developments in the next few months. I know what you're getting at about start
up operations with a PE that reduces as growth kicks in and potential is
reached, but some people may misinterpret this I think.
I'm very positive about CSMA, but don't wish to see hyping and
unrealistic expectations. Carol is right, I think. we're holding well in
the face of profit taking (can you blame people for cashing in at over 100% ?)
and momentum, as well as some potentially strong fundamentals, make this
quite the unusual BB stock. I'm in for the long run.
Regards,
Durro |
