General Packer Co., Ltd.’s (TSE:6267) Share Price Boosted 28% But Its Business Prospects Need A Lift Too
General Packer Co., Ltd. (TSE:6267) shareholders have had their patience rewarded with a 28% share price jump in the last month. The last 30 days bring the annual gain to a very sharp 46%.
Even after such a large jump in price, General Packer may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 8.7x, since almost half of all companies in Japan have P/E ratios greater than 15x and even P/E’s higher than 23x are not unusual. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
Earnings have risen firmly…
