TSX:PTI.UN - Post by User
Comment by
SurfForWealthon Aug 19, 2003 7:43am
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Post# 6333630
RE: Patheon - A No Brainer
RE: Patheon - A No Brainer The company has an impressive history of 30-40% annual EPS growth & has spent much of the time trading at an equivalent multiple of 30-40 but it currently sits just under 27. While the ttm EPS growth sits at 41.5%, the last couple quarters were much less as they digest the recent large acquisition. Based on their past performance, I expect them to bring out the synergies soon & resume the historical growth rates...then the stock can again expand the multiple which will bring us to new highs produced with higher EPS & multiple expansion. Based on all this I would think that $20 can't be too far off on the horizon. Cheers!!!