water tanks to the rescue..., page-4

A serious question and would appreciate a genuine answer.

The company have implied a FY07 NPAT of $10 million to $14 million. The current market cap is less than $60 million. That puts it on a P/E of 6! I know they are carrying quite a bit of debt but the fact that they are sticking to the same profit guidance this close to reporting makes me wonder, why is this so cheap?