The Eastern Stock Forum

Investors' high expectations may be driving the company's high P/E ratio, despite recent poor growth. The current high P/E is increasingly uncomfortable given the recent medium-term earnings performance.

Eastern's dividend appears sustainable barring a drastic drop in earnings. With steady growth and an average 5.8% EPS increase over the last five years, and reinvesting more than half their earnings back into the business, they are an interesting prospect for further research.