Scubidu wrote:@guru267. what's the significance of 8times p/e and why doesn't it apply to agriculturals?
@scubidu i say 8 times because a p/e of 8 and below is considered cheap by most analysts and there is huge chance for price increase if there is profit growth..
it doesnt work for agriculturals as these stocks tend to have low p/e due to extremely volatile earnings and lack of interest/demand by investors...
Mark 12:29
Deuteronomy 4:16