Q: Hi Peter,
In your reply to Marc, Nov 29th, you were comfortable with the price of STN at $68 given its growth and fundamentals. Morningside estimates earnings of $3.17 for 2013 giving a p/e of 21.5. Their estimate for 2014 is only $3.57 a growth of 13%. I am wondering what kind of growth in earnings you would estimate for 2014, and what p/e is reasonable.
Many thanks
Mike
In your reply to Marc, Nov 29th, you were comfortable with the price of STN at $68 given its growth and fundamentals. Morningside estimates earnings of $3.17 for 2013 giving a p/e of 21.5. Their estimate for 2014 is only $3.57 a growth of 13%. I am wondering what kind of growth in earnings you would estimate for 2014, and what p/e is reasonable.
Many thanks
Mike