Ken, WMT's CURRENT PE is 27. Since trailing earnings are based on actual, its the benchmark most use to compare values. Future EPS projections, and lesser PE's, are of course factored into the current PE. So, the attempt to show a "lesser" pe by using future earnings estimates, does not counter my point, that a current pe of 27 represents an over valuation IMO.
As far as the article I posted, I wanted to point out that "good economic" data, does not always translate into positve results. Anfd BTW, the home furninshing business sector, has historically been a fairly good indicator, of the strength of the general retail market. So, Haverty's results mean much more than you are presuming.
I also pointed out Fingerhut's poor sales figures,(decreased over last year) and you'll also note that Sears sales grew only 6%.
Are you buying more WMT at these prices? If not why? If so, I guess you feel a 27 PE is fair price. I just don't find compelling enough fundamental data to support this. Good Trading. LF |
