SS- PERI
Yes it appears cheap. However PEs expand when things are going well, and contract when things are going bad. In fact, during periods of strong growth, there's no way to know how much higher the PE will go. SMCI sold for a 8-10 PE for years, and now with AI, sells for a 25-30 PE. So PEs can expand or contract by multiples, and during the height of the up/down growth cycles, it's especially hard to know how to value. PERI is cheap right now compared to the past, but who knows what PE it will now receive. For me, I don't see any growth story in tact for PERI right now, and therefore, I could see where a 7-8 PE going forward might be all it gets. I like a story like IART better, as they've been demolished, are selling at less than half their normal PE, and could be a comeback growth story yet, where the PE expands again.
