There are a lot of low PE small cap stocks in the energy sector, but they always get low valuations and most have rallied significantly over the past few months along with the rise in crude oil prices. Just a few weeks ago I posted about REI at $1.54 .... it still looks cheap now at $2.09, but is it still a good buy after the quick 35% gain ? Possibly, but I'm not so sure. Nonetheless, I'm still holding all my shares.
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