UPDATE -- Taylor Collison has sent through an updated link for the Zoom Chat with Supply Network management:

https://taylorcollison-au.zoom.us/j/83413604918?pwd=NVBvUFRrZXUzeVNPU3F1S3lZWmM2QT09

This will start at 11am AEST

(i wont be present as we'll be chatting with Siteminder CEO between at 10:30)

Hi Foolednomore. I don't see any major risks, just basing my valuation on the fact the company is expecting mid-single digit earnings growth in coming years. I know this "new normal" of lower rates helps support higher than usual multiples, but feel that a PE of 20 is reasonable given the expected growth. (See my valuation notes)