Jun 21, 2010

Financial Technologies Ltd.

More than a year ago
Financial Technologies Ltd.was quoting at Triple digit PE.
Obviously for any matured investor this was not a price to buy.

The stock plunged to below 500 an it was a great buy at these levels.
But Today it is trading at around 1400.
If we calculate PE taking average EPS of last 5 years,
Then the PE comes around 17.
Is this valuation high or unreasonable.
Posted on Monday, June 21, 2010 | Categories: