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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: tinkershaw who wrote (44193)7/7/2001 1:53:15 AM
From: Mike Buckley  Read Replies (1) | Respond to of 54805
 
Tinker,

selling for 10-15x earnings?

According to Zacks and using a price of $10.00 for RMBS, it is selling at 30 - 35 times earnings, depending on whether you use trailing PE, this year's estimated earnings, or next year's estimated earnings. I'm not debating the stock's value. Instead, for the many around here who apparently follow other people's valuation instead of doing it themselves (or not using valuation at all), I'm pointing out the reality of the PE multiple.

--Mike Buckley