vit - potential bottom p/e matrix

wonder where the bottom is. Been in a downtrend since Nov and has nearly halved in price since then.

here is a guide. at some point a profitable company with a good outlook will at least bottom and go sideways/less volatile or increase back up.

P/E @ $2.10 issue price= ~19x(normalised musashi legacy costs/adding musashi profit)
EPS 11.05cents
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and discount to issue price

$1.30 - 12 p/e 38% discount
$1.40 - 13 p/e 33% discount
$1.50 - 13.5 p/e 28% discount
$1.60 -14.4 p/e 24% discount
$1.72(last close) - 15.5 p/e - 20% discount -no sign bottom yet.

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