While DOW 6,000 makes me sick too, the P/E in 2000 was 43, which is obviously unsustainable. The people who became intoxicated with optimisim at the peak will be the same people who panic in the end and sell at a single digit P/E ratio. People have a herd mentality and make emotional decisions instead of business decisions. That's why long-term bear markets usually end with the P/E ratio in the 5 - 8 range. Considering we are at about 12 right now, the DOW will almost certainly fail to hold 6,000 and we have to consider a breach of 5,000 a real possibility. A counter-trend bear market bounce will give the herd reason to be optimistic and many will fall victim to a suckers' rally.
All just my opinion but I've been expecting this type of crash. There will be some amazing buying opportunities for independent thinkers who don't get wiped-out on the way down!
Recent GHM News
- Graham Corporation to Present at the Gabelli Pump, Valve & Water Systems Symposium • Business Wire • 02/15/2024 09:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/05/2024 01:30:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 11:45:54 AM
- Graham Corporation’s Gross Margin Expands 660 Basis Points on Sales of $43.8 Million in Third Quarter of Fiscal 2024 • Business Wire • 02/05/2024 11:30:00 AM
- Graham Corporation Announces Third Quarter Fiscal Year 2024 Financial Results Conference Call and Webcast • Business Wire • 01/29/2024 09:15:00 PM
- Gabelli Funds to Host Pump, Valve & Water Systems Symposium at The Yale Club, New York, NY • GlobeNewswire Inc. • 01/29/2024 12:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/23/2024 03:13:39 PM
- Graham Corporation To Webcast Presentation At The Noble Capital Markets 19th Annual Emerging Growth Equity Conference • Business Wire • 11/28/2023 09:15:00 PM
- Graham Corporation Acquires P3 Technologies to Expand Turbomachinery Capabilities and Technology Solutions • Business Wire • 11/10/2023 02:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/06/2023 01:30:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 12:00:29 PM
- Graham Corporation Reports Sales Growth of 18% for Second Quarter of Fiscal 2024 • Business Wire • 11/06/2023 11:30:00 AM
- Graham Corporation Receives $110 Million in Orders in October 2023; Includes Follow-On Orders For Critical U.S. Navy Programs • Business Wire • 11/01/2023 08:15:00 PM
- Graham Corporation Announces Second Quarter 2024 Financial Results Conference Call and Webcast • Business Wire • 10/31/2023 12:30:00 PM
- Barber-Nichols, A Graham Corporation Company, Supplied Critical Turbomachinery Components for Universal Hydrogen’s Fuel Cell Powered Aircraft • Business Wire • 10/19/2023 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/18/2023 08:45:31 PM
- Graham Corporation Refinances Debt with New, Lower Cost $50 Million Revolving Credit Facility • Business Wire • 10/16/2023 12:30:00 PM
- Graham Corporation Ships Final First Article Units for U.S. Columbia Class Submarines and Ford Class Carrier Programs • Business Wire • 10/03/2023 08:15:00 PM
- Graham Corporation To Webcast Presentation At The LD Micro Main Event XVI Conference • Business Wire • 09/20/2023 08:15:00 PM
- Gabelli Funds to Host 29th Annual Aerospace & Defense Symposium at The Harvard Club, New York, NY • GlobeNewswire Inc. • 09/05/2023 02:19:16 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 08/31/2023 08:31:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/23/2023 12:30:58 PM
- Graham Corporation Presentations at Midwest IDEAS Conference and Gabelli Funds 29th Annual Aerospace and Defense Symposium to be Available via Webcast • Business Wire • 08/17/2023 12:30:00 PM
- Graham Corporation Commemorates 55 Years as a Public Company by Ringing Today’s Opening Bell at New York Stock Exchange • Business Wire • 08/14/2023 12:30:00 PM
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • POET • Mar 27, 2024 10:52 AM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM