Low P/ETrying to understand why western trades at such a significant discount to its peers. I dont believe its the warrants (non dilutive as they are converted from brookfields holdings), could be brookfields significant positon (~30%?). US housing market continues recovery albeit slower than expected, canadian dollar @ .92, I assume inventories have dropped during the second quarter. I am confident in the industry and personally think management has done a great job managing through the recent tragedy. I am looking forward to a strong Q2 and Q3. Guess we will have to be patient and collect the dividends. What am i missing? GLTA.