A positive PE under 10 doesn't mean that it's a bad company. In fact, if the company has a competitive advantage in its sector, and the sector is growing and has further growth potential, then it's a possible opportunity to pick up a share which is at a low price relative to its earnings. Of course, that PE that you read may not be accurate. There are a lot of things hidden in financial statements which could dilute the earnings per share. In other words, you've got to do your homework. Check out the company and its industry for growth potential, check that the EPS is accurate and if not, calculate the real EPS and then the real PE.