REA profits go through the roof

The country’s leading property website continues to go from strength to strength, as it squeezes more and more from its pool of paying agents. But on a PER of 36, is it too expensive?

You can’t win ’em all. The one thing we can safely say about REA Group is that we haven’t won with it. Since we first passed it up in Realestate.com.au lays firm foundations on 2 Feb 07 (Avoid – $5.60), the stock has risen fivefold.

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