http://www.4-traders.com/A2-MILK-COM...apide&mots=ATM Trading on a FY18 forward consensus multiple of 25 times earnings for a company that recently nearly quadrupled its interim profit and is only just starting to scratch the surface of some international markets.
Over-priced or more potential to come ? From a TA perspective we're making ongoing new highs on high volume and looks very promising. Fundamentally it doesn't look too stretched either. The shorters have all been closed out and properly scalped so that's not really the issue it once was (well...not for now anyway).
A2 has real earnings and highly impressive earnings growth driving its SP growth. Closed at $A2.96 in Aussie, equal to $3.20 here.