How do you know a whole year after the Swedish listing and with all the other catalysts like a detailed spin out PR coupled with announcing a new divi policy based on say 20-25% of Ebitda in May'14 that the PE will not spike to above 12? It's very high compared to now but not unthinkable or too high by itself. After all the stock could be on at least one major exchange by then paying a nice divi, growing 50-80% per year and about to do its first spin out ...
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