The concern for me is the same as with a lot of companies that are financed with a lot of short-term low-rate debt right now. P/E is low, but that's partly because very little return is going to the lenders & P/E makes no provision for paying off the principal.
Uh, translating into message-board buzzwords, it looks cheap going by Price to Earnings, but less cheap in terms of Enterprise Value to Operating Earnings.
I have some shares in IRAs which over the years I've used to sell call options against. My returns have been poor. Currently I'm holding it waiting for a higher price so I can sell more call options again.
Note-I also hate the option spreads for this stock.