KME 1.59% 31.0¢ kip mcgrath education centres limited

It really looks like the business is going to make the...

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    It really looks like the business is going to make the transition from classroom to on-line, and do so profitably. I haven't really felt sure they would make it in a successful fashion until this report. So have bought quite a few. Will be interesting to see if they can maintain the new growth. If they can, we might be seeing the multiple expanding along with earnings at 20% or so per annum for a while. Might be worth $1.20 or so in two years in that case. If they can't . . . not far to fall at the current SP.
 
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