Quote:
Originally Posted by donchisel
Ok thanks bro, i guess my ears where eager to hear crusader PO. The offer rating seem to be no more on that url as at the i opened it. Is it a good buy at the current quoted price.
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Hey Donchisel,
At the present price Crusader Insurance has a projected year end PE of 32.60, which is quite high considering the general stock market but it is low compared to the industry average of about 40. Now the issue is, it may not be a good idea if you want to trade Crusader Insurance for the short term because no one can accurately predict what is going to happen. It may go up or down depending on the mood of investors. Crusader has been swinging between massive supply and massive demand at the technical suspension price. I have no idea what is going to happen immediately after they lift the suspension. But there is something I can assure you, if you are in it for the long term, then go for it because they have the potentials to create wealth.
Regards,
The Knight of Delta.