The downside, is it is cheap and the smaller buyers are probably...

The downside, is it is cheap and the smaller buyers are probably thinking it may get cheaper b4 the next re-rating event occurs. Once momentum starts, they will scramble to get on-board.

There are few gutsy contrarians around with any money left, last 2 and half years or so has been punishing on them. Also a lot of value out there for them to spread across.

Thanks for all the great posts guys - looks to me like a buy, but people are scared and waiting for stronger signals or even cheaper entry?

This is cheap enough and there can't be many sellers left, surely.