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I think API is quite cheap now. With the no debt by year end and a P/E ratio of slightly above 13, relatively low for the industry, I can't see it drifting to the 1.4 mark but then again stranger things have happened. If I'm going by logic I see the stock sitting at the higher 1.5's by the end of next week.

They also have a lot of room for inorganic growth through an acquisition. Will be good to see the strategy when the end of year results come out.