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Strategies & Market Trends : What Works on Wall Street (O'Shaugnessy)

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To: Jeff Maresh who wrote (52)3/28/1997 12:21:00 AM
From: sea_biscuit  Read Replies (1) of 109
 
Hi Jeff :

I just compiled the list of the 10 Dow stocks with the lowest PSRs :

GM 0.26
S 0.55
IP 0.64
GT 0.65
WMT 0.65
UTX 0.79
IBM 0.93
AA 0.95
UK 0.97
XON 0.97

This is quite a different set from the current Dow Dogs :

T IP GM CHV EK MMM JPM DD XON MO

with GM, IP and XON being the only stocks that appear in both.
(and of course, GT just missed making the Dow Dogs).

What is more important, however, is that even among these large
companies, there are only two stocks that have a PSR < 0.6 and only
six with a PSR < 0.8 ! Now, if this doesn't convince anybody that this
market is enormously overvalued, probably nothing will.

Dipy.
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