Might be as well dangerous and complex for some, it might be worthy of additional research. Regional Express Holdings Restricted (ASX: REX) is currently trading on a P/E of 5.3 and having to pay a dividend yield of six.7%. Yes, I know it is an airline, and I know what Warren Buffett thinks of them (trace: he is not extremely complimentary), and that was my initial believed when I began looking at REX. The business is forecast to make a net profit after tax of about $25m in 2012, which equates to earnings for each share of about 23 cents. And that is despite some pretty rigid headwinds, with the carbon tax, other tax and price raises expected to include $6m to the expenses line of the profit reduction statement. Soaring fuel expenses and falling passenger figures are creating headaches for administration as nicely. To leading it all off, the company seems to have an image problem with complaints about axed and cancelled flights (here and right here). On the plus side, the business has very little financial debt with internet debt of just $eight.4m has a monopoly business on michael kors klockor billigt numerous routes is buying and selling beneath its net tangible assets for each share of $1.42 and directors hold around 26% of the firm's shares. REX also has a number of strategies underway to increase its revenues and decrease costs, this kind of as new airline routes and the sale of nonstrategic assets. Devine Restricted (ASX: DVN) is presently trading on a P/E of 5.5, with a dividend yield of 9.nine%. Another stock buying and selling below its internet tangible assets for each share of $2.15, in contrast to its current share cost of 63 cents. This property development business is 1 amongst many facing gentle housing need, but has stated that the medium to lengthy term outlook is good, with the provide of new housing slipping well beneath need. Devine expects to report a net profit for 2012 of around $14m. The business is also undertaking a $one.4bn household community at Gladstone, forecast to home 7,500 individuals over the subsequent 1215 many years, which is underpinned by the massive LNG and resources tasks currently below way in the region. The market clearly doesn't billiga michael kors klockor share that belief and the market is frequently right. Of program, it is also frequently incorrect, and that may imply an opportunity for traders prepared to do the legwork. chanel stockholm hile not all low P/E chanel väskor stocks are worthy of investment, it can be a worthwhile hunting floor for undervalued stocks. It might consider some time for the marketplace to realise the accurate value of these stocks, or for the businesses to reach their complete potential. In the meantime, you may be happy with the fairly higher dividend yields every of the shares over are providing. Speaking of higher yielding stocks, if you're looking in the market for some less risky, high yielding ASX shares, appear no further than "Safe Your Long