SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: marc chatman who wrote (22596)5/21/1998 8:39:00 AM
From: JZGalt  Read Replies (1) of 95453
 
marc, for cyclical companies, you typically want to buy them when they are trading at high trailing p/e and sell them when they trade at low trailing p/e's once the yr/yr growth fades. No sign of that growth fading in this sector _yet_, but that concern is one thing that is keeping a lid on the prices.

If you are a long term investor you look for chances _exactly_ like this. Buy great companies when they are misperceived and undervalued in relation to their future growth.

IMO, historical p/e's aren't worth diddly. You need to look forward. Try marketplayer.com to get charts which show 12 month forward p/e's.

This is how I use forward p/e's:

geocities.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News