Fisher and Paykel Healthcare delivers another record profit, but is it sustainable?
Quote:
Originally Posted by
iceman
Another good result from this great NZ company. Should be in any longterm portfolio
I beg to differ and think others have raised legitimate valuation concerns. You never know though mate, in this crazy world of interest rates at 200 year lows a forward PE of over 50 just might prove to be pretty sticky. What if we get a cure for Covid 19 and interest rates start rising in due course though ? Will the forward PE of over 50 prove to be sticky then ?
https://www.nzherald.co.nz/business/...ectid=12344028