Again you are looking at the low end of the price range before buyout rumors. Stock traded between mid 30s to high 50s in the 6 months before buyout plans announced. Was at 58 in early 2011. So I'd say that at 56 its in the pre buyout range which is an unbelievable bargain IMO.
Actually, a little higher than that, Dukie, if management goes back go running the company again, signing LG, and doing all the things which have been put on hold pending the auction process. Eventually there will also be a decision in the Nokia case, which, however, is becoming more irrelevant by the day.
Dukie, fundamentals in this market do not count. Every share is getting smashed. Nobody knows what is an "adequate" P/E Economic activity is slowing down. But people will continue to speak on the phone and tell their aquaintances how miserable they feel.
I am sad that I am tapped out. I am sure about the outcome of the auction, I am pissed at my incapacity to pace myself in this race.