I wouldn't say that SKE is undervalued. It is more in the...

I wouldn't say that SKE is undervalued. It is more in the overvalued area, even though the share price has fallen from from around $6 to the current level. Forget the PE as that will rise as time goes by, even if the share price drops. They are almost out of cash, massive debt and a market cap way to high. They are in a struggling sector that will worsen in the months a head, even though we are told the opposite. I personally can not see high dividened lasting also. Combine all this with other factors i use, a fair price for this stock would be closer between 80c and $1.50 in the current market enviroment. Will this happen, i have no idea. Just saying until it does, if it does, i would not purchase this stock at the current level as the the risk outwieghs the reward IMO. Things would have to improve 10 fold from now, just to warrant the current price for this stocks. Cheers.