Wavxwizard..I believe Aleas' post #4685 or One putt's # 4692 covers the answers to your question pretty well, depending on which interpretation you choose...as far as PE is concerned, I don't think that will be very meaningful as a analytical tool during the next 12 mos.. hope this helps..FLyer'
wavxwizard, when Wave gets some 'e' I think the PE will be quite high for some time. The PE's usually are high for companies that a viewed has having plenty of growth in front of them. A PE of 40-70 would not be unusual in non bubble times for a high growth company.