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On a P/E ratio of 5, could easyJet shares offer a bargain for the patient investor?
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On a P/E ratio of 5, could easyJet shares offer a bargain for the patient investor?
What are the short-term prospects for the easyJet business? Looking at what has happened to easyJet shares, the answer seems unpromising. The share price has tumbled 31% so far this year and now sells for just five times earnings. But as a long-term investor, I am taking a wider view of things. Clearly, easyJet is suffering major turbulence at the moment, as are many of its industry peers. But could that potentially offer an attractive share pri…
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