Margin pressures should ease and earnings growth improve in the 2017 financial year but we think margin and volume headwinds make it unlikely Trade Me can sustainably grow faster than mid single digits medium term," Mr Ridgewell said. "Trade Me shares now appear fully priced relative to growth, peers and the market.
Irrational behaviour and incomprehensible decisions 101 - this is the place. If they're really silly, you could win a chocolate fish.* (* Highly unlikely and they're only virtual chocolate fish)
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Craigs Investment Partners say TM shares are already "fully priced" and have recommended clients sell TM shares because they've reached their peak.
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