RE:Does this make sense?The market looks ahead.
The PE today may not be the PE tomorrow.
Brexit and UK pharma regulations.
sunshine7 wrote: 18.9 Price-to-earnings of the S&P/TSX Composite index based on 2016 analyst estimates. Five-year average is 15.4.
CXR sitting below 4.0 P/E, good growth forecast and buyout imminent.