CCLTF: Well, to see if the valuation is 'accounting' for potential housing-market risk...All we need to do is compare it to the valuation of other companies that have high exposure to the housing market.
I don't know any real-estate developers trading at 3-4x P/E, do you? ;). Other markets heavily impacted would be home appliances / furniture / stores-that-sell-those-products / etc.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.