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Strategies & Market Trends : Ride the Tiger with CD
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To: Proud Deplorable who wrote (20121)11/16/2004 10:04:33 AM
From: Condor  Read Replies (1) of 313337
 
Thats nice but mostly don't apply to mining stocks. PE ratios and Earnings are not a good way to invest.

I understand what you are saying but basically the mining that you and I invest in here is casino gambling.
In the real world of investment and long term gains etc. PE still is important. (refer: Hathaway)

I hope you read beyond the 1st paragraph. There were many other DD items that are worthwhile.

It occurs to me that the companies that aren't a reflection of PE's are not long on the planet. The Inco's, Placer's, Western Mining etc etc all respond well to PE investing.

However, you are right, the puppies we play with will probably not be around in years to come but will be owned by the big PE's or just die on the order paper. Doesn't mean we can't pump a few loonies in the old exploration slot machine and hit the odd jackpot though.

The tech boom of 2000 scoffed at PE's also as I recall.

Cheers

C
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