brazin is well oversold

Even though PPT is still selling their shares the share price of BRZ is way too cheap.

BNT is performing well even though the sales of music and DVD's has been lacklustre.

The downgraded profit target is $12m for the full year which gives a PE ratio of 6.6.

This PE ratio is using bottom of the cycle earnings and hence the price looks way too cheap.

Doesn't mean it can't go cheaper but it's certainly very tempting.

Cheers,
Munch.