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When you speak of buying companies solely by the numbers reflected in the current P/E, and also taking into consideration market indices, such as, you pointed out Gold: Go look at some Oil Services, there are some LOW P/E's- go look at TDW, MRL and GLM, to name just 3, all have P/E's of less than 9, i believe, and TDW's is 5. But when you factor in the price of a barrel of Oil, you have 3 great stocks running at near 52-week lows. So given the great PAST P/E versus TODAY'S price of Oil, are these 'Value Buys' today or not ?? I guess it depends on if you 'trade' or if you 'invest long' ?? |
