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Rating:WisdomTree's Own PE Tops 300 Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 11, 2012

WisdomTree's Own PE Tops 300

Reported by Sean Hanna, Editor in Chief

Investors have been better off investing in WisdomTree's own shares and not its ETFs so far this year. Shares of the New York-based ETF specialist are up 38 percent, reports SmartMoney.

The share price move has pushed WisdomTree Investments' (Symbol: WETF) to $965 million. That seems a steep price in relation to its $65.1 million in revenues last year. WisdomTree reported its first profit of $3.1 million in 2011, making its PE 320 or so.

The price is a more sane looking 28 times the $33.9 million analyst expected it to earn during 2013. Those analysts expect earnings of $12.8 million for 2012.

During the first quarter the firm reported net flows of $2.3 billion. That is its highest total to date. During the quarter its AUM rose 30 percent, according to the report.

With a price-to-sales ratio of 15, Mr. Market is obviously bullish on the WisdomTree management team's ability to execute on Michael Steinhardt's strategic vision. Steinhardt still holds more than a quarter of WisdomTree's shares. 

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