Quote Originally Posted by Patient Panda View Post
1.25 a great buy in price, gives you 40% margin of safety (which you absolutely need in this case) on fair value / graham number.

but its not 1.25 anymore is it
Exactly my point - it was $1.25 because of all the negative sentiment created by the downgrades. That's why it went down to that level for those with a more positive view to grab a bargain (as it is turning out as of now).