Exit Allcargo Global Logistics: ICICIdirect.com

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Exit Allcargo Global Logistics: ICICIdirect.com

ICICIdirect.com has advised investors to exit Allcargo Global Logistics. Considering an EPS CAGR growth of 13.50% over CY07-09E and a P/E multiple of 9.6 of CY09E earnings, the research firm believes that it would be difficult for the company to reach its previous highs in the near future.

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ICICIdirect.com has advised investors to exit Allcargo Global Logistics in its November 6, 2008 research report. "We believe that at the current multiple the stock reflects the headwinds facing the company in its future earnings. Considering an EPS CAGR growth of 13.50% over CY07-09E and a P/E multiple of 9.6 of CY09E earnings, we believe that it would be difficult for the company to reach its previous highs in the near future. We advise investors to exit the stock," says ICICIdirect.com's research report.

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