The IC just named Eros as one of their tips of the year... it's a stock I've been watching for a while now as it trades on a very low rating in what is a perpetually stable and growing industry.
March 2008 estimates are currently 46cents... translating to something like 30p, putting the rating on barely 3 times. Admittedly, in this environment, 3x can seem lofty, but that's because we all need our heads checked. In H1 sales and earnings more than doubled YOY and it looks set to continue the strong growth path.
The business is extremely well plugged in to big players, joint ventures with Sony, Lionsgate amonst others... and at these levels, where it's dropped 75% in a year, it could easily be a buyout candidate.
