P/E shcmeE-Some stocks, you just gotta have it,P/e be damned.
Drew:
You mean about the shorts,I hope it is and wish they get crushed.
Thanks for that Jubak's opinion,the man is right.If anybody was scared out of these (see below) stocks 'cos of P/E they should be pissed off royally by just about now for not getting them.
"...I can think of a handful of stocks where ignoring traditional valuation was the smart long-term move. The investor who bought America Online (AOL) in 1994, for example, when it traded at a P/E ratio of 200, would right now be sitting on a 3,646% gain. Purchasing Microsoft (MSFT), Cisco Systems (CSCO), Dell Computer (DELL), and EMC Corp. (EMC) virtually any time during the last ten years without paying any attention to price would have been just about as rewarding. For instance, if you'd bought Dell on Nov. 3, 1995 -- the high price for the stock in the first seven and a half years after its initial public offering -- the investment would have returned 2,047% by now. [Disclosure: Microsoft owns and publishes Investor and MoneyCentral. I own shares of Microsoft, Dell and Cisco.] |
