Reported earnings for 2014 were $.65, estimates for 2015 were around $.90. Using these numbers, $6 would be a P/E of 6.7 to 9.2. Seems a bit low.
One of the class action complaints implied that the main problem was improper recording of the cost of steel plate. This might have been the result of FIFO inventory accounting rather than LIFO, but I'm just guessing.