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Strategies & Market Trends : Value Investing
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To: Softechie who wrote (14776)7/10/2002 9:03:44 AM
From: Dale Baker  Read Replies (3) of 78813
 
Plenty of value investors had their heads handed to them on a plate in the IPP stocks this year. The low forward PE's are valid only if the E numbers are accurate.

You never believe earnings numbers for tech stocks, and the IPP sector has proven itself full of cook-the-books artists. Why believe these guys instead?

My only holding here is DUK. They make their money with real energy assets, not the trading desk.
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