yes at say 25 EPS, at $3 SP, the PE is 12, which isn't exactly...

yes at say 25 EPS, at $3 SP, the PE is 12, which isn't exactly cheap, but its not expensive either. And as PP just mentioned, its a cyclical, and my take on the released information was that the outlook is for an improvment in earnings.

Therefore, it could be said that ALS is at the bottom of its cycle. In other words, the perfect time to buy in.