RE:RE:More analysis than crystal ball
If they have EPS at around $1.20 per share with a PE of 20 the value of the company would be $24. They will likely have EPS around that area the unknown is the PE multiple. Right now they are being valued at 11x PE. About a 50% discount to peers. Even banks which are slow moving giant companies trade between 12x-15x PE. The chances are greater we see a re-rate higher at the current valuation. We know they are focused on growing EPS and we know they dividend of .96 is less than the the EPS. Under any normal valuation I'd agree we should be sitting at $20 plus. This looks like more of a bear trap than bull trap to me