Recent analyses done in the Irish Financial Press,
Irish Times, Indo etc. have all gone negative on CBT.
If you look up their websites and scan recent editions
you will see that it is not emotive but based on analysis
of the company post crash....They are fairly accurate and
not often wrong. This is a credible statement seeing as they
dont have an inordinate number of companies to watch.
The bottom line is that at $16, which is where I unfortunately
bought in again, the consensus is that CBT is on a PE of 185!
Even giving it 65, assuming they are on the mark, would suggest
that a realistic price for this share over the coming 12
months should be very near its crash bottom, say 7, maybe plus
a 25% premium for being good boys and your max is 8 to 9.
Its cost me money to realize this but the facts are the facts,
no matter how distasteful.
Long, yellowbrick road!!
The IrishGloomMerchant! |
