Riverstone Holdings is positioned as a growth stock in my portfolio. Being a growth counter, its earnings had not disappointed in the past few quarters. Similarly, its share price has seen a nice increase to the current $1.18. At this price, it is valued at PE 19.52 based on 2013 earnings.
(I previously blogged about Riverstone here)
For my dividend and assets holdings, I usually just glance through the top line results and focus on the balance sheets strength, amount of ops cashflow statements and ability to continue paying dividends. However, for my growth shares, it is important to delve into its earnings to ascertain if it is still having the same growth story. After all, sustained growth in topline and bottomline is what keeps a growth share price rising. And any signs of hiccups may cause investors to run and share price to tumble due to ......