HIG undervalued : Price/Earnings pressure.

Fun and games going on right now with drip selling of HIG in the run-up to biggest cash injection in this companies long history in Png.

HIG is definitely undervalued for whatever reason we will soon find out. These things have a way of revealing themselves in the fullness of time.

Interestingly, P/E of HIG currently between 2.3 and 3 depending on current earnings and price.

Whatever way you look at this transformed company you have to wonder why the P/E is so low compared to the sector

which has a relative P/E of around 14.

I would highly value any reasons people know of that could be contributing to this low P/E.

gltah,