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Re: Prominent Capital post# 91040

Thursday, 08/24/2023 10:56:10 AM

Thursday, August 24, 2023 10:56:10 AM

Post# of 100232
Maybe so, but calculating a projected price backwards from an industry average P/E for an unknown company or a company with NO financial information is ridiculous. Average P/E is a valid comparison tool when evaluating a company for which you can calculate a P/E ratio, but pretending that the average for the industry represents what a pink stock will achieve at some indeterminate point in time is just nuts.