Don’t know mate. To look into this you’d need to look at assets, debt, net revenue, growth, cash liquidity, small print in annual statements, quality of mgt etc etc. Sure there are folk on here know these things better than me. The implication of litigation may well be the small print exceptional items in statements that is making it an unattractive share price as the potential liabilities grow in relation to income, but even in the normal scheme of things that P/E ratio would be considered very high and a correction could be expected simply due to over optimism in the past rather than a chronic condition. You see this kind of overpricing with IPOs for example. The price always comes down but it doesn’t mean the business is failing, it was just aggressively marketed share issue. If the company has major growth prospects year on year you would maybe see a punt on a high share price with a 21P/E ratio but for a football club that price against earnings is a big gamble and for one that suddenly may not have a monopoly on scottish euro football revenues any more it doesn’t look a sensible price at all. There may be a a threat to revenues, and possible litigation ring fences cash assets potentially for years even if they win any litigation but it’s too early to say if this is the start of a major price crash. Maybe they realise they need to use up more cash on wages and transfers to beat Rangers going forward. Hopefully their stadium is falling down and they need to spend money on that. I just don’t think they are a good investment personally but it’s too early to say whether this is a blip, normalisation or something (hopefully) more serious. I’d give it a bit longer and a far bigger slide to indicate a major crisis. As I say I just dabble in this sort of stuff but I think that our upturn on the park is threatening their business and the monopoly they have had. That’s the most obvious thing to me and it’s good news. 55 might well batter them further and this could be Dave Kings ‘House of Cards’ prophecy starting to emerge. Let’s hope so.