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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (49047)8/9/2012 11:18:37 PM
From: Paul Senior1 Recommendation  Read Replies (3) | Respond to of 78520
 
I'm trying to say I hold some stocks that I believe to be growth stocks. Or at least that I believe others would say might be growth stocks. I'm not now suggesting here about them (all the ones I mentioned) that they are value stocks -- better value stocks than ATO.

I mean to say that since they are growth stocks presumably or at least I am looking at them that way, I (and others presumably) would expect them to have high p/e's and other "expensive" metrics.

So what's cockamamie to me, and I can't quite fathom, is-- why if they are growth stocks, are their p/e's in general lower than the p/e's of so many utility stocks? Can it be they are less growthie than utility stocks? Or that utility stocks show more growth and as consequence garner the higher p/e's ? Or that it's a momentum thing: positive for ute's; not so much so for drugs/tech/etc.?

I guess though that does get to the point, where is value in this market.