Really? Why do you think that? Ramp........... Because most of...

Really? Why do you think that? Ramp...........

Because most of their business units are getting pounded. Demand for mortgages is down 12% in the last two months? Because the banks are starting to reduce the fees paid at agregators, such as Choice? Because they have to mark to market vast CIF (and possibly CWT, CDI and CKT) losses. As of today, that's at least 65M+ since 31 Dec! Because the buildings they hold will be further marked down (see other AU REIT's account with similar holdings)? Because the fixed interest the hold has been performing badly and will be marked down (see HY08)? Because the asset management business won't be able to construct deals as readily because there's less global liquidity? Because the just got dropped from the MSCI and so there'll be fund selling pressure? Because technically they look sick, with a decending wedge breaking down, OBV down ... etc etc.

That p/e of 6.5 could easily become 18 in a jiffy. Oversold? unlikely. It would have to be a MBO or similar to boost the price. Would you buy it in this climate?