It's tough to buy into bad news but if a person see's decent earnigs for a stock like ITRI say 24 months or so out then I think it's fairly cheap at this level. The problem is if the overall market gets weaker ITRI will likely get cheaper yet.
Over the years some of my best investments were the most uncomfortable ones to initiate.
I may be a little early on this one but I like it. This thing was around $64 just a few weeks ago before they reported.