csr another bluescope? downward spiral, page-9

As new investor I am learning a whole heap from this stock. On paper 18 months ago this stock looked quite good with a stable future. Now it looks like everyone is trying to get out on the back of a soft building industry.As a result the price is plummeting.

I bought in again at $2.00 which seemed Like good value. I have learnt that value and sentiment are completely different and that it is really the sentiment that has more weight in the equation. So now we are at 1.65 and it looks like bargain, PE at 10, solid record in the past, virtually no debt and established businesses although poor sales. Is this normal recourse that as soon as sales drop the perceived value drops? What are the major points that I am missing?

Or is this an extremely good deal at the current prices for a long term buy, which is what my original plans were. (it makes my original purchase look insane)

Thank you to all the posters who comment on this quite uninteresting thread, I do appreciate it.