good point g but as you also know PEs are based on expectations for future growth and the interest rate and market environment. Hard for me to think NYX can sustain recent growth and interest rates will stay low. We are lucky to have Hess to take the guesswork out of it all.
And the earnings per share will be based on shares outstanding. A billion dollar buyback coming soon on a company with around a 10 billion dollar market cap... you're predicting earnings in 2011 of over a billion, yet a declining market cap, which would allow further buybacks. Buybacks at 35-40 would increase earnings alone.