Wade, I agree with you, alot of stocks these days have very low PE ratios. They have great growth rates too.
LTXX reports on 8/30/06 after the market closes. If they meet their earnings estimate of $0.22, the stock price should go up a bunch. Trading today at only $5.15. Forward PE (as of 12/31/06) is only 9.9, while the growth rate going forward is 25%.
Sales growth in the latest reporting period was 77% YoY and 22.6% sequentially.