PeopleLife's Share Price Was Below Book Value for About a Year

PeopleLife's share price was below book value for about a year after the recent financial crisis. What circumstances would make this a good time for an investor to buy stock in PeopleLife?

A) If investors thought the permanent problems of the company would disappear during the recovery.
B) If investors thought the company's problems were temporary due to the economic downturn.
C) If investors thought the company's earnings per share could withstand sustained pressure from lowered expense ratios.
D) If investors thought the company's dividend policy would be amended to show growth.
E) If investors thought the company's retained earning could continue to grow during the recession.