I have been pondering the IT industry and one stock that I have...

I have been pondering the IT industry and one stock that I have been investigating is OKN-Oakton Limited.

It appears to be a little more unstable and varied earnings than say DWS or HSN, but might be a good turn around story.

It is very close to trading at book value, emphasizing the market hold no faith for future growth and is disappointed with nonperformance. However, it was the market darling prior to the GFC and has pretty impressive balance book, and a massive dividend of 8.5%. No debt.

Has anyone got any insights into this one? IF it achieves its estimates for 12/13 and 13/14, then the dividend will remain very very high.

Key Statistics: OKN

Valuation Measures
Market Cap (intraday)5: 114.65M
Enterprise Value (01/11/2012)3: 105.33M
Trailing P/E (ttm, intraday): 9.92
Forward P/E (fye 30/06/2014)1: 8.33
PEG Ratio (5 yr expected)1: 0.85
Price/Sales (ttm): 0.67
Price/Book (mrq): 1.08
Enterprise Value/Revenue (ttm)3: 0.61
Enterprise Value/EBITDA (ttm)6: 5.97