p/e contraction seems finally happening now we are at ~125, and...

p/e contraction seems finally happening now we are at ~125, and i think from yesterday/today's price action with volume we shall see this baby at around ~80-90 p/e which is still expensive but okay for company with merits such as PME...

I am looking for reentry if at all it drops to that level highly unlikely but hey then its market and in current environment fundies shall be wary of high p/e companies resulting of ~30% NP growth.... as it may not classify as growth to command p/e circa 3 times of the growth...

Let dust settle and see where PME gets settled....

DYOR