Yep. As long as the trendline holds, it's all good.
Bottom line is even the trading bots are programed to find these valuations to be attractive. The PE it is trading now cannot be justified for any value investor. Q3 and Q4 are going to be very strong.
One more thing I need to add here is that, if you go read the Q1 transcript, in the Q&A you will notice that mgmt talked about how strong Euro hurt them. But for the entire Q2 Euro was weak while dollar strengthened. For every 1% decline in Euro MENT earns $200K in currency savings. If my calculations are correct Euro fell 4-5% for the qtr. That's about a $1M. I think MENT will beat Q2 estimates handily and raise guidance for the year on EPS due to additional cost cutting and some share buyback. JHMO