I should have been a little more precise. When I said 1 result I was talking about a yearly result. In my books they are the ones that matter. I might miss the early share price appreciation on a stock by waiting for two consecutive years of growth in EPS and cash flow but at least you are more certain when you jump in.
There are just too many companies out there that can pull together a great yearly result once and spend the rest of their years trying to do it again.
Perhaps we just have a different time horizon.
BTW I'm not trying to be specifically negative on this stock just answering your question on which it may seem to have a low PE.
ASC Price at posting:
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