I agree, while the longterm outlook does look a little uncertain, at $1.40 and a P/E of 4, I feel its been well and truly oversold. While it may stay around this mark with some of the big sellers offloading, I'm still confident that she will get back to $3-$4.
It's interesting that they've mentioned the PSI technology and that they are working on a large project here in Australia. I still think that in the medium term this will be sold or hived off for a good profit. They mentioned the slowdown on Capex items and with owning all their equipment, buildings etc, and with nearly no debt, I feel comfortable with management's performance thus far.
I'd be interest in your thoughts finicky, especially with the big volume running thru today.
P
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