The trailing 12 months earnings are now $0.32 per share. At a multiple of 15, we'd be looking at $4.8. Even if we went to Walgren's P/E ratio, that would only be $8. $6.00 seems like a reasonable expectation before the end of the year, assuming no surprises in the economy.
Jean Coutu, Jean Coutu, you guys were insiders and left serious money on the table! Now Stadley needs to refinance the debt, based on these positive results, Could you imagine, refi the $5 B at 6.5% instead of the 9.5%,. It would put $150 Million to the bottom line without having to do anything! Stadley, where the hell were you a few years ago while we had the #$%$ Miller that brought the useless French major that devasted this company. But on the other hand, it enabled me to get in around $1!