Mickebee,
As I stated above, using EBITDA in P/E calculations is highly disingenuous (do you receive any of that interest, tax, depreciation or amortisation as a shareholder? Yeah, didn't think so mate!) Here's an easy way to do it, even with pretty pictures to help you out:
http://m.wikihow.com/Calculate-Price-Earnings-Ratio
Crap input = crap output.
If the company was as severely undervalued as you suggest then the market would be buying up furiously to pump the price up to MBE's historical P/E of 30+. Problem is, that "great" announcement was sold very heavily into and failed first resistance. Does this accord with a great, undervalued company? Thought so!
The market is YELLING (not speaking softly) at you right now - you would be very wise to listen to its words...
Mickebee, As I stated above, using EBITDA in P/E calculations is...
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