Why stop at a 15 PE? Why not shoot for 20? That's the ticket.
A company that is 72% reliant on a single distributor does not qualify for a 15 PE. A company with a Board of Directors that only knows how to approve decisions with a rubber stamp does not merit a 15 PE. And a management team that has decided it no longer needs to answer questions from shareholders even four times a year does not merit a 15 PE. One can only imagine why the company management insists that it not be degraded to talk with the little people even four times a year.