RE:RE:RE:RE:RE:PunishedIt's an odd one for sure. We are priced as if we are about to hit a major recession and funny enough, even if we saw a huge drop in earnings, it's more than priced in already. There is a huge margin of safety here. I can't find many reasons to justify trading at a price-to-book of 1, even if we are at peak auto.
Time will tell.