PS&C: Take a second look

The company has been sold off after a profit guidance downgrade. At current levels, however, earnings growth and an attractive yield should entice buyers.

The PS&C (PSZ) share price has recently been sold off due to lower than expected profit guidance for FY15. Although the downgrade is disappointing, the IT services company is deeply discounted trading on a FY15 price-earnings (PE) multiple of 7.3 times, with a yield of 8.7 per cent.


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