Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: sea_biscuit who wrote (2464)	12/19/1997 12:04:00 AM
From: mister topes	Read Replies (2) of 42834

Evidently the fools believe Coca-Cola at forty times next year's estimated operating earnings is some kind of a great deal. Here is a company growing about 17% per annum trading at a forward year p/e multiple of 235% of the growth rate. And the fools say Coca-Cola is a great company so buy it and put it away. And when the valuation on Coca-Cola goes back down where it belongs (wherever that is) the fools will be saying "buy more" because they always say that. They rode Iomega from 55 to 14 and talked about what a great company it is. Well, two years later Iomega is still trading 50% down from its 55 high. And yes, now we know why they call themselves the fools.

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