Trailing 12 mo. P.E. @ $35.00 is near your low end strike point. The $35 question is do you think the stock is near a low or that possibly the earnings will not hold up to support this stock price?? This stock looks real attractive if they can continue to produce the kind of earnings they've posted the last several quarters. This stock has been a safe haven in past down markets, but it seems that no one wants to own stocks anymore, regardless of how safe they are. Good luck.