PKX - why it is so cheap? Click here to go to the original topic          Value Investing Forum Forum Index -> Value Investing zengmin Fri Nov 18, 2005 3:18 am     PKX - why it is so cheap?  Blast, PKX is the largest steel maker in Asia, P/E=4,sounds very attractive do you know why it is so cheap? thanks blast_investor Fri Nov 18, 2005 11:41 am       Hi zengmin, Stock market is very irrational many times. Many stocks are cheap, many are very expensive at same time. You can read my belief on this issue of market efficiency: http://www.blastinvest.com/value-investing-newsletter/09_15_2004.htm For PKX, it is just a steel stock. Steel stocks historically do not trade at average PE over 10.          Value Investing Forum Forum Index -> Value Investing Page 1 of 1 Search Engine Indexer BlastInvest @2005 p h p B B © 2001, 2002 p h p B B Group