RE:Upcoming Forecast?retiredcf wrote: PIF is expected to have around 10% revenue growth but a big drop in earnings this year. They then expect a 10% sales gain next year with an expected earnings recovery of 80% of the growth. With an OK valuation and a nice dividend, they view the company as small but interesting. So said 5iResearch when asked this week by a subscriber. GLTA
Unless they have a write-down, 2020 earnings should be higher than 2019 earnings. Not sure why they have a "big drop". Valuation is super cheap compared to comparables. Not sure what they compare it with to say it's an "OK" valuation.