infrastructure play.I don't own Bird Contruction but i do keep an eye on their results to see how they are doing.
While a differennt beast than DRX, they still are in the same industry.
They just reported very good results(once again).
Bird is trading at a P/E of about 14-15.
So the question is,what do you think DRX multiple should be?
It will grow it's top and bottom line for the next few years.
The only estimate out there, is the one from Atrium witch we all know is always conservative and
way to low.
With the kind of order book DRX has, i wouldn't be surprise if DRX makes at least $1.60
this year and more than that in the next two to three years.
15 * this year $1.60 will get us at $24 (at least) before year end.
It won't be a straight line to $24.I said it before, we will have down weeks but the direction
is for higher prices.
A P/E of 15 for a growth story is not paying to much.
The most interesting thing to watch will be what will they do with all that extra cash.