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Politics : Ask Michael Burke
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To: Joan Osland Graffius who wrote (22340)9/5/1997 5:33:00 PM
From: Knighty Tin   of 132070
 
Joan, I meant that some very good companies with great growth prospects are selling for single digit pe ratios while, in the rest of the world, where the growth is slower, they are trading for double digit pe ratios. The pe ratios in isolation may not be that silly, as I remember many time periods where great companies sold for single digit pes, but on a relative basis, it is silly season.

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