I have been a long term shareholder in Beximco Pharma (TIDM: BXP), the AIM-listed manufacturer of generic pharmaceuticals in Bangladesh, which is also listed on the Dhaka and Chittagong stock exchanges.
My previous blog post at the back end of 2013 questioned whether fantasy can turn into reality with respect to picking an undervalued company to invest in based on something as simple as the price to earnings (PE) ratio (amongst other factors).
Over the last few weeks, readers of this blog will have seen me try to tie the share price to earnings via a PE ratio based fair value price range (which I have assumed to exist between a broad PE ratio range of 10 and 20).
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