Last time Hasen had declining earnings, it's average PE was...

Last time Hasen had declining earnings, it's average PE was about 12. And the SP was flat after that for the next two years.

So the way I see it, SP may drop a further 37% from here, and recover in two years time.

If I were a holder, I would sell, invest in something that has more immediate growth and come back to Hansen in 18 months time when earnings forecasts look better.

Each to their own, but I expect Hansen will underperform for the next 24 months.

If anyone asks why a non-holder has an opinion on this stock, well, it's because I spent some time researching it today to determine if it were worth investing in. In the short term, it's not worth it.