05-12-2011, 10:50 AM
(05-12-2011, 09:42 AM)dzwm87 Wrote: [ -> ]At 0.67, CSE is still trading at around 9x P/E. IMO, it's still too expensive despite it being a good and reputable business.
Downside possibility is still there as they might be pushed down from more bad EU news. Might enter if it hits $0.50 or less.
The usual EPS > 10 cents. This year EPS is low due to project over-run losses in the Mid East telco division in 2Q which resulted in the division head being replaced.
I believe the share price dropped due to Amundi selling.
(Not Vested)