BKL's Problems Run Deeper Than China!, page-83

In round about terms: A2M makes 52 cents per share and is priced $14. BKL makes 100 cents per share and is priced $78. ... So, if A2M were making 100 cents a share, they'd be priced at $28. A2M trading at P/E of 28, BKL trading at P/E of 78. Why should an investor sell the cheaper stock to acquire the dearer stock. ... Yet it is, what it is. This is what Mr. Market says it is.

Personally, I am not sold on the switch story. I'd rather sell BKL and buy A2M, i.e. sell dear to buy cheap.

But something is going on that I can't see.