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Paddy Power

  • 04-08-2012 3:38am
    #1
    99nsr125
    Registered Users, Registered Users 2 Posts: 1,207 ✭✭✭


    The share price broke 50 a little while ago
    I kow it's an established strong, cash business
    but really 55 a share.

    I don't get it, it seems grossly overvalued.


    What am I missing?


Comments

  • #2
    99nsr125
    Registered Users, Registered Users 2 Posts: 1,207 ✭✭✭99nsr125


    99nsr125 wrote: »
    The share price broke 50 a little while ago
    I kow it's an established strong, cash business
    but really 55 a share.

    I don't get it, it seems grossly overvalued.


    What am I missing?


    Anyone ? ? ?


  • #3
    bull_ring
    Banned (with Prison Access) Posts: 96 ✭✭bull_ring


    99nsr125 wrote: »
    The share price broke 50 a little while ago
    I kow it's an established strong, cash business
    but really 55 a share.

    I don't get it, it seems grossly overvalued.


    What am I missing?


    your not missing anything , glanbia and kerry have also had huge run ups this past twelve months , as has apple , profits are at record levels and the outlook is strong , it is overvalued however ,i would not buy at this price


  • #4
    Samba
    Closed Accounts Posts: 4,476 ✭✭✭Samba


    99nsr125 wrote: »
    The share price broke 50 a little while ago
    I kow it's an established strong, cash business
    but really 55 a share.

    I don't get it, it seems grossly overvalued.


    What am I missing?

    I still kick myself for not taking share options when I worked for them, they were trading at around €9-€12 at the time.

    http://www.irishexaminer.com/business/snkfidcwid/rss2/
    BOOKMAKER Paddy Power has significantly expanded its international reach by entering the Australian market, via the A$48.5 million (€27.2m) purchase of a controlling stake in the Darwin-based online betting company, Sportsbet.

    Which coincides with this very pretty looking graph


  • #5
    Grecco
    Closed Accounts Posts: 1,007 ✭✭✭Grecco


    Just because its at record highs doesn't mean it wont climb higher. This one could double again in the next 12 to 18 months.
    It has a great business especially during a recession


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