I am getting pretty nervous about Booker (BOK:LN). And thinking about taking profits and moving on. I was just looking over the Booker data again showing revenues growing nicely since 2008/9, that is good. However, in the past year or so revenues have seemingly slowed, and subsequently EPS growth has fallen to 2.07%. Yet inversely the P/E is now just over 20.
I know once Makro is properly on-stream revenues should start an upward path again. Surely though the P/E at this time, is scarily high.
Jury is out, but I could probably argue a case to myself that the time to sell is now , and utilise the profits riding on this share, elsewhere. More thinking to do I think…
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