Roni-TTM PE is obscenely high....
Obscenely high like the DOT BOMBs were? I guess we know how they ended up. Chuckle.
Dunno about P/E ratio anymore. Many felt the P/E ratios for the indexes (S&P/DJI) were too high during the bull run. I couldn't find the info but I didn't think they were lowered to the "buy range". I remember a few years ago people were still waiting for those to come down - they sit on their horse waiting and saying "they are still overvalued", and yet never come down.
Some (experts) say P/Es for techs are not meaningful. I guess when you have the likes of Chambers of Cisco running after the truck 2 minutes before the quarter ends trying to get another box on it, you know it is all crap.
If you agree with P/Es aren't the same for AAPL and MSFT like GE and PFE, then you have to also agree that the whole DJI mix was farked when Intel and MSFT were added. Hence the P/E may not come down to "under 20". Where 15-20 was average, now that average might be 20-25. Again I don't have the numbers, and going upstairs to dig Zweig up on old facts isn't probably worth it.
Back on topic - so when you look at other companies like AAPL (say tech) do you also look at things like TTM PE and other stats?
B
"When you have to shoot, shoot. Don't talk."
Tuco (The Good, the Bad and the Ugly)
"An umbrella with holes is better than no umbrella at all."
Dr. Alexander Elder on using stops.
