Re: Makes no sense
Well P in P/E is price, not profits. But yeah, I was wrong to pick out the revenue figure (which was actually 6 months revenue anyway) instead of net earnings. All I can say was it was a long lunch.
$2.535b / $98.7m = a P/E of 25.7, slightly above the average of the S&P500, but the point stands that on the face of it the price is not completely unreasonable.
Biting the hand that feeds IT
