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Low PE

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Why is it that the Dividend yield on the share is so high and the PE so low? This looks like a very good share which had a bad year behind it. Does anyone see it recovering do its previous highs with figures like that?
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Super Contributor
Recovery, nope, not in the short term. Furniture groups are suffering from high interest rates with the new credit act and big bad debt books. Personal opinion only.
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Frequent Contributor
not only furniture, i think they also own Incredible Connection
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Super Contributor
Brands: Bradlows, Electric Express, Joshua Doore, Russells, Price 'n Pride, Abra, Barnetts, Hi-Fi Corporation, Morkels, Incredible Connection.

Since the start of 2008, it has tested the 3600 support level four times. The previous three times it bounced immediately, but currently it is struggling to move away. Can be a critical moment.
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