watch those PE ratios

[#1]

My opinion is that the shares that still have a beating coming are those that still have PE's in excess of 7 or more. A bit of a sweeping statement I know, but how can anyone put fair value on the long term prospects of a share in this turmoil? I am waiting for 3* earnings before considering a long term investment. Grindrod, Merafe are my bets. Still waiting for Kumba to drop a bit. Any comments?

[MichaelR]

I like Altron (ATN) maybe Ilovo and Mtn.?

[scandal]

grind rod will probably lose money with their shipping arm as we are already seeing order cancellation from ship builders books. Rates are coming off heavily. Unless they venture into offshore work and convert their tankers into storage facilities...

[ACEP_]

How low do you think SBG can go? It also has a full order book according to some oke.

[#5]

PE Ratios are meaningless right now. This market is trading on pure sentiment and no fundamentals. PE only has value if the company's price is somehow linked to it's earnings. If that was the case, a lot of our shares would not be sold down as they are at the moment...

[louisg]

Well put Zephar