Q: Are the statistics on PRL reasonably supportive of their current pricing?
5i Research Answer:
PRL is now 13X earnings, with a 2.28% dividend that was raised 14 days ago. It is expected to show very strong earnings growth this year. In a 'fear' market like this week, investors are often quick to take profits. PRL is still up 73% in the past year. But fundamentals and valuation are currently quite attractive.