Q: Sorry to ask again but I am puzzled. You had indicated a forward PE of 10.5 for propel holdings. Mr Donville mentioned in an interview stock is now expensive. How is a PE of 10 for small cap growth company expensive? Much appreciated.
5i Research Answer:
The valuation question is likely better directed to Mr. Donville. Keep in mind that every single trade on every stock has an equal an opposing viewpoint. He may have been referencing trailing earnings, or versus banks (some are cheaper). Or referencing 2024 earnings, not 2025. But on 2025 earnings of $2.43, the stock is now 9X earnings with Thursday's decline.