RE: Looks like we needGood results, yes; good company; without a doubt.
You have to look at the N.American economy as a whole since this is where we trade and where most of the trading originates; more than 400k new jobless this week and over 3.5 million stuck in limbo and not going anywhere. Not good for the economy or the markets. If just 10% participate in the markets then we are short 350k traders. It has to make a difference. Supply is there the demand is not.
This is a traders' market.
I'm into Cascades, they had stellar earnings as well and are predicting 15% growth over the next number of years; the stock bumped up marginally on the news and has been drifting back ever since. Both of these companies are good investments but they aren't going to be recognized as such until the economy turns demonstrably.
Its unfortunate, but it is the way it is. In a vibrant market the multiple will expand back to 25 times, as it was previously. Until then, you do what you can.
Good luck to all