Quote:
quote:Originally posted by Halebop
Snoopy's assumptions in his MHI calculations assumed very low real growth in earnings between now and 2009 (His estimates have earnings growing from 2004's 39.1 CPS to 45.2 CPS in 2009, or a compound 3.2% pa).
He also assumed a termination PE of 13.1. Perhaps a solid PE ratio in a bear market but not otherwise, particularly if MHI achieve some of their global expansion plans.
In the 4 years between 1999 and 2003 earnings growth was only 3.4% per year(on sales CAGR of 9.4%