PE is down to ~5.5. Pretty low. They have Infrastructure, Energy...

PE is down to ~5.5. Pretty low. They have Infrastructure, Energy and Resources services and the resources stream includes contracts with BHP, RIO and Newcrest. Revenues were down HY15 but profit was up due to asset sales and decisions relating to business restructure. I say it's a dangerous short because:
- PE is ~ 5.5. Pretty low but the sentiment explains it.
- Resources contracts are held with RIO, BHP so the resources stream may not suffer as much as you think.
- Key asset sales and increased profit HY15 means that this reporting period has the chance to 'pleasantly surprise'
- Efficiency gains due to business restructure may crank the bottom line.
- Reporting period ends soon.
- I'm thinking 1.50 - 1.70 could be the bottom range, but anything is possible.

But hey, if Greece falls over anything's a good short. I'm short on MNF, a CR was announced recently so that'll be worth a short. ASX is punishing companies lately for any bad news whatsoever. Such a flaky wussy market.