I was just using the number 5 as an example and each situation is different. Sometimes a forward P/E is more significant than a trailing P/E to me and vice versa ........
"JOE: ...when you say you buy on a P/E of 5 or less...are you projecting forward EPS or using last 4 qtr's??? I also want to thank you for the BSPM presentation. quite impressive"