I believe it's undervalued. I've studied its 10Ks and 10Qs along with its audio conferences and so on. Lots of study. I believe its next level (soon to be tested) is $19, followed by $22 and so on as it attempts to fill the gaps. It's difficult for me to imagine a more solid, better company or better investment out there at anywhere near this price level. Because of its extreme liquidity it is also a trader's dream. This is both good and bad, but mostly good. The traders do bring the liquidity, along with the volatility of course. I see that it's fundamentals are massively strong and that, after its dividend bust lots of heavy investors see it for what it is -- a good value , really good now.