Granted now they are not near the 100 PE (trailing)they were last week when NAS was 5000+, since most have fallen 15-20%, but hopefully you get my drift.
Alok
Alok, >You are being naive if you start believing companies (however great they are - SUN CSCO, etc), can justify trading at 100+ PE when
their growth rate is 30-40%. The main reason the PEs of firms such as SUN, CSCO, INTC, TXN, AMAT, NOK has expanded to such levels...
At the risk of nitpicking, all of those companies don't have a PE of 100+, even trailing. In fact, the only two that do are SUNW and CSCO.
Signed, Data Freak |
