<<<I have always wanted to buy these great companies at lower prices, haven't you? >>>
Nope, not any more. Main reason, P/E's too high. Investors getting more short sighted each day -postphoning the tech 'comeback' another 3 to 6 months killed us.
Csco P/E still 69, at most should be 35, considering the new uncertainties . Their buying many companies can make room for creative accounting(G)
Here are some P/E's from 5 ,6,10,13 ,20 plus Csco.
Phg looks interesting, pays $1.50 dividend. Stays lean and mean by selling divisions, but has not performed as well as hoped.
finance.yahoo.com
I hate pain and suffering > Glw is a pain , the 4-letter techs are causing much suffering.
Those great safari hunts on the plains are best forgotten. Herding the giant Qaulcoms, galloping after the
elusive Judsues, shooting the stargazing Dells.
IMO its more interesting and lucrative now to play the slots in Vegas, take a ride on a riverboat, buy a few gas wells.
. Sig |
