Picked up a whole bunchat .54. I quite enjoy buying shares below asset value let alone a low PE ratio. I could care less if the sector is out of favour, v.e is making money and their share float is still relatively low. That spells very low risk for an investor making a position at .54cents/share. Someone has been putting heavy pressure for the past week or so on the share price. For what reasons who knows. Yes the quarter will be an expected loss but this kind of sector one needs to simply look at the years profit/loss.
Good investing,
Bdussy