Aug 15th 2013 - Edison Investment Research today published a report on Kerry (KRZ.L, LSE:KRZ, LON:KRZ) entitled "Diving For Pearls". In summary, the report says:
Kreuz Holdings trades on a 2013e PEG ratio of 0.26. The balance sheet has little debt and return on equity is 27.6% (June 2013). Management has successfully grown both sales and earnings since the IPO in 2010 and now aims to diversify revenues toward deepwater services. Q2 results matched expectations and consensus EPS for 2013 and 2014 appear achievable. The FY13e P/E valuation at 6.7x is very attractive.
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