RE:Trading at 13.5 Price to EarningsSure. Technically. Q4 last year returned MORE earnings than REVENUE due to some accounting trix. A realistic P/E multiple would be much higher. They reported 1c/sh earnings in Q3. 5c/sh earnings in the first 9 months of 2016. Does that seem like a 13.5 p/e ratio to you? They would need 10.4c in 2016 earnings to get there. Does anyone really thing they are putting together a 5.4c earnings beat for Q4/16?
Could it be slipping because the Q4 numbers have been crunched and are now leaking? Makes about as much sense as it being sold due to it falling below a couple moving day averages.
FWIW, I still think it is a great long term story. I also sold all out when Imhoff didn't give it a great pump last time he was on Market Call. I'll buy the bottom turn on this fall and I'll be back in at least 10% cheaper. I can say that with confidence because it is already down 15% since then.
Show me some decent (actual) earnings when they release Q4 in about a month and I might even make it a decent sized part of my portfolio.