My quest for picking undervalued stocks has lead me to VGH, which is in the health sector, its trading on a PE ratio of 13 compared to its peers of 22.
It's earnings per share are set to increase from 16 to 28 by 2009.
Its dividend it set to increase from 10.5 to 16.3.
Broker forecast have it as a buy. It hasn't been mentioned before, so i thought i would put it out there.
Laser surgery to me is something that is becoming more common. At $2.69 it seems one of the better valued stocks in the healthcare sector.
Any thoughts, westpac have it rated as accumulate.
Do not hold, but at the right price I think it could be a good investment.