Wrong target as Big_Fatty can't even spell Clearfield let alone invest in it. However, you're right on about high PE stocks but only one analyst summarized their earnings estimate and it was too high. With its recent fall from grace CLFD's PE is 19 - very low for a superior growth vehicle. Anyway, CLFD is a great company and another one that will be over $20 again just before next Qtr's earnings release. I got in under $15 last week and am up 12K already. Large insider buying.