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  1. MJS
    2,188 Posts.
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    I guess it depends on how much the bottom line is improved. On a PE basis PHY is not bad value. And the profit is pretty much stable due to the Phillipines and other income producing assets. The only thing holding this back short-term is there's a lot of development in the pipeline over the next few years which may carry a bit of risk (not necessarily high) but does mean it has a very low unfranked yield. I was tempted to buy when it dropped below $3 a few weeks back, but don't really have spare market funds at the moment.

    MJS
 
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