I have a sense of deja-vu here. It was only towards the end of...

I have a sense of deja-vu here. It was only towards the end of 2017 that BKL dropped to a PE of about 18 with a low SP around $90 on the back of a downturn in its China sales/operations. Of course, that is the same issue now and BKL is being downgraded accordingly. My thinking is that BKL could decline to a PE of 19 and that would put it on a SP of $70 if Morningstar's estimate of EPS pans out.
No doubt, I am going to be accused of ramping and shorting and anything else a believer or disgruntled long term shareholder can think of. Truth is, I usually invest over the medium-long term and I am not willing to put my money into a stock that I think has negative issues behind it like this. There is better money to be mode in gold and oil/gas producers at present. As a contrarian investor, a steep drop in a company like BKL will catch my eye and I run my ruler over it to see if worth taking a position. There have been a number of non-resource stocks like that lately and I did choose to invest in one of them but BKL needs to drop further to tempt me.