WOW !! What a set of results

Clarkson by a mile.

FSJ is on a similar forward PE but its more a support services company providing logistics. They are never going to manifest the growth currently seen in CKN.

FSJ - 21.7p eps forecast = PE 12.2
BMS - 15.5p eps forecast = PE 15.6
CKN - 44.1p eps forecast = PE 11.3

Now however you look at it, CKN will have earnings growth this year getting on for 200% and compound earnings growth over 5 years of around 70% pa. That absolutely murders FSJ and BMS both on 1 year and 5 year. CKN has also said earnigs are likely to be significantly ahead.

CKN is more volatile than FSJ but if you live with a bit more volatility then the rewards look huge.

I still think that global demand in 2004 will be even stronger than 2003 with all the economies of the world turning up in one go. CKN will benefit more than FSJ and BMS again next year. Eps this year may be over 50p for CKN, 70p next year could be easily met - forward PE 7 for 40% growth on top of 150%+ this year?

CKN is still bustingly cheap imo and can still double from here in pretty quick time imo.

CR