From one fool to another!17 Sep 2015 11:08
Copied from a motley fool article:
Globo
Just look at these figures: a 2015 P/E ratio of 3.21. A 2016 P/E ratio of 2.72. An earnings per share progression between 2012 and 2016 of 4.22p, 6.20p, 7.35p, 7.87p and 9.30p. Hardly any debt. A share price that has been plumbing the depths, despite a surfeit of good news.
Globo (LSE: GBO) is not some basket case. On the contrary, this is one of the fastest growing companies in the UK stock market.
Bear markets can be brutal. I have learnt from bitter experience that it is better to stay uninvested until it draws to a close (which is round about now, I believe). But they can throw up the most astonishing bargains. Globo is perhaps the pick of them.
Globo’s business is one that is buzzing. It sells mobile apps for enterprises. Salesmen and managers are increasingly using smartphones and tablets to work and collaborate. The amount of media coverage of Apple‘s iPhone 6S illustrates what a growth area this is. For me, this is a cast-iron buy.