Even if you assume a very conservative forward earnings of $2.50 per year, the forward P/E is only 17.6, based on a current prioce of $44. The 17.6 P/E is 36% lower than the industry average of 27.5 (per Yahoo)
Also, LUFK's price to book of 2.6 is 51% below the industry average of 5.3 (per Yahoo).
Maybe HAL will now be interested in a buyout at LUFK's discount price.
Far from a bargain . i remember the days when it sold at book value . mow it sells close to 3 times book even after the bad news. Dividend yield not much. plenty of stocks out there selling at 2 times book or less. Also, if the economy is slowing as it appears this wont help earnings as well. My guess going forward the stock price will just drift lower unless some unexpected good news hits the wire