Originally Posted by
Beagle
Fair enough mate, go with your gut and hope for a pullback to get a better entry point but you can't compare those two stocks / events. AIR still trading on a FY17 PE forecast of under 10, ($3.70 would be 10), XRO still to this day trades on the hope of decent future earnings. One is well supported by fundamental's, the other was well supported by...well...nothing more than speculation at that time, (current prospect of some earnings is looking more reasonable but what's their PE now ?)
$600 million before tax this year is a possibility and that's 38.5 cps after tax and even on a ten year average PE of 11 that's $4.23.