Jabil Circuit (JBL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Jabil Circuit (JBL)

JBL 213.73

-0.6%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Asymmetric who wrote (5917)	1/28/2002 10:03:37 PM
From: Asymmetric	Read Replies (1) of 6317

Richard Bernstein and the Merrill Curse Message 16910953 Another great article by Lahart. Note the paragraph where Bernstein notes that the PEG at a 21 year high for the S&P 500: ...Stock valuations are incredibly stretched, says Bernstein. Based on reported earnings (rather than the funky pro forma ones many companies like to use these days), the trailing price-to-earnings ratio on the benchmark S&P 500 is extremely high -- 40.8 at the end of last week, according to Standard & Poor's. Compared with Merrill Lynch company analysts' long-term expectations for earnings to grow by 14.7% a year, the P/E-to-growth, or PEG, rate is at its highest point ever in the 21-year history of Bernstein's data. He notes that in the past whenever this PEG rate has hit extremes, troubled times for stocks have followed. Bernstein goes on to say that Wall Street's characterization of his equity weighting cut as bearish says a lot about the kind of market environment we're in. "It's interesting that it comes off as being so incredibly bearish," he says. "I think of it as being conservative. There are very few people out there that say one should be conservative in this environment."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next