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Melco Crown Entertainment Limited Message Board

drjackcar 1 post  |  Last Activity: Jun 18, 2016 9:09 AM Member since: Feb 8, 2006
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    Let us all, get real here,

    by connerd76 Jun 8, 2016 6:29 PM
    drjackcar drjackcar Jun 18, 2016 9:09 AM Flag

    I understand the market's attraction to a stock like this in uncertain times. What concerns me a bit is the valuation selling at 29x while EPS is only expected to grow by about 7% for 2017. If the market's appetite for risk returns and utility like stocks become less in vogue I could see the multiple contract to the low 20's which puts the price below $70.

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