that's why this is a strong buy right now! The stock was at 19 a few months back. It went up a little too fast and crashed. The current price of the stock is purely based on momentum. NNBR is now on sale for half off. So load up.
Since the CEO keeps saying in Aug 2011 that business is doing fine and there are no signs of any impact from any supposedly slowdown (they have facilities worldwide, they are not dependent on USA so his comments make sense) and since the peers keep trading at much higher valuations like nothing happened, I think that the gap between NNBR and the peers will close soon and we will return back to 15 $ quickly. pe=9 at 15 $ which is still lower than the pe of the peers.