Originally Posted by
Roger
Ryman themselves have stated that they're targeting 15% growth for the forseeable future.
The Govt are flogging off a power company in an absolute zero growth industry on a PE of mid 20's with the threat of a Labour Govt undermining its future viability and their biggest customer, (the smelter which takes 41% of generation capacity more than likely to be shutting up shop in 2017 depressing the wholesale cost of electricity thoughout N.Z.)
Nobody can tell me Ryman on a similar PE in a far more dynamic industry with serious tailwinds for the forseeable future is over valued.
People hunting for genuine growth stocks on a PE of 15 on the N.Z Market....good luck to you, maybe in America with Apple but is that a growth stock anymore ?? Ryman will be $7.50 well before next May, possibly even today LOL and $8.50 well before May 2015, in my opinion. Brand value and reputation is something people seem to be overlooking. Retired people trust Ryman. When Ryman say their weekly operating contributions will never go up and they'll be looked after for the rest of their lives, Ryman have the runs on the board to back it up and people believe them. That's why their operation will continue to grow from strength to strength.