- R2000 "normalized" forward year P/E equals 17.9x just below the 18.6x historical trailing "normalized" P/E based upon 4.7% "normalized" net margins and -0.9% forward year YoY revenue decline. This is consistent with our R2000 615 price target and ’10 being a R2000 consolidation year. Small-caps are no longer cheap but neither are they expensive. We cont...full article available after login
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