RE:RE:A buddy of mine said buy this stock Well the P/E of a stock is not the only thing you should look at, especially the reported non-adjusted P/E.
I think what makes this stocks attractive is his low price compare to the book value of equity. BV is close to 0.90$ a share from what I remember.
they have had somme issue in the past 2 year regarding some loans in default , now that is all in the past.
I think the outlook of the stock is pretty good with all the change they made this recently.
-Reporting in US$ will stabilize earning since most of the loan are in US now wich means less impact from gain/loss on exchange rate.
-the Share roll-back willincreasin the value per share and might increase the number of potential investors
-The new dividend policy might also be appreciated by investors in the futur,
My 2 cents
Disclosure, I own stocks from this company.