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Erza owned EOC - one of the cheapest stocks
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Lynch123
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31-Oct-2013 19:05
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The Norwegian listed company EOC trades at ttm. P/E of around 2-4x, EV/EBIT 4-5x and P/B 0,6. This is extremely cheap taken into consideration that the ROE will be in excess of 13%. Erza Holdings is the largest shareholder, and I wouldnâ??t be surprised if we could see a takeover bid here. (Especially now that Erza hired an M& A expert). The company generates close to zero interest from Norwegian investors, due to the fact that the company lacks broker coverage. |
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