RE: Ross Heally says $5.50Yes, and he also said Nortel at 6.50 was a buy and to hand on to Kinross when it was 4.40
Given the doubts about the industry and the prospects for double dip, buy and hold types shouldn't get excited unless it hit's a true bottom PE of 5.....to me that is 3.50
Anything higher and it is just a trade