This is a post integrating the 'Landis, I Choose Not To Put Certain ET Members On Ignore, But Rather Stalk Them & Whine Like A Little Bitch, Because I Can,' preemptive strike:
There was a huge charge-off 3rd or 4th quarter last year to bring the 12-month number to like $7. That's artificially low. The genuine number is likely $30-$40. Put a 15x multiple on that and the SP "should"(?) be trading at 450-600.
?......88% below trend? Is the original "trend" still intact or will a new trend-baseline be established?