Hayes Lemmerz International Inc. (fka HAYZQ)

[jcJet12]

It is a bit puzzling as to the nose-diving of the P/E. Perhaps the market is a bit too forward in it's assessment - thinking that the recession could drag out more than x number of years. The 10% could be multipled by a factor of 2 or 3 if auto sales decline exponentially - with continuous job losses in the 100's of thousands - we really won't feel the effects of it till later '09. Unless of course - Obama's recession breaking stimulus package can hault the freefall.