Anybody know of a stock with a P/E below 1? Sea freight companies are super cheap take a look at NM. It has a P/E of 1.55. I think such stocks might be not such bad buys. Heres why: The downside is limited, I know of no stock that has broken a P/E of 1. They have great dividends. And they are cheaappppp.
Really? Can't rely on google and yahoo finance I guess. How about DRYS. Yahoo finance says its P/E is also 1.55.
Check this out. I've been using finviz.com for a while and have been pretty happy with it. Here is a link to the stocks with a P/E < 5. You'd have to double check some of them since they seem suspect, but still...
MTL-Mechel Steel ADR.... Possible forward P/E of 1.94 on yahoo finance.....Russia company on Putin's bad side, but that could be behind the company now.... Not sure how to value this company, but on my watch list... $COST
MTL at 9.04 might just meet the 1.3 Forward P/E....still watching.....simply amazing what is happening to Russian ADR's...or all ADR's