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The Stock Trading with the highest p/e
stock.enigma
#1 Posted : Thursday, March 31, 2011 12:22:00 PM
Rank: Member


Joined: 8/14/2009
Posts: 244
Paka @ 56.3 Wazua, please help what this means. I suppose means don't touch.
mkonomtupu
#2 Posted : Thursday, March 31, 2011 12:33:29 PM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
I heard some people at the brokers discussing this stock and they want to buy as it is the cheapest on the market at 2.35/=. The market can be so irrational at times
ProverB
#3 Posted : Thursday, March 31, 2011 12:40:41 PM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
stock.enigma wrote:
Paka @ 56.3 Wazua, please help what this means. I suppose means don't touch.

... EPS of 0.04...price 2.35..p/e just went higher since you put this up! smile
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
For Sport
#4 Posted : Thursday, March 31, 2011 12:43:59 PM
Rank: Veteran


Joined: 12/23/2010
Posts: 1,229
stock.enigma wrote:
Paka @ 56.3 Wazua, please help what this means. I suppose means don't touch.


you can if you're patient enough to wait 56.3 + years to recoup your initial investment.
VituVingiSana
#5 Posted : Thursday, March 31, 2011 12:45:36 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,219
Location: Nairobi
Except for the land/factory [not the machinery] does it have any other significant assets?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
For Sport
#6 Posted : Thursday, March 31, 2011 12:53:31 PM
Rank: Veteran


Joined: 12/23/2010
Posts: 1,229
mkonomtupu wrote:
I heard some people at the brokers discussing this stock and they want to buy as it is the cheapest on the market at 2.35/=. The market can be so irrational at times


Important question here is: what it means when we say a stock is cheap?
Sufficiently Philanga....thropic
#7 Posted : Thursday, March 31, 2011 12:58:46 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
And it gets even worse when you think of this high PE as historical.Forward PE will be past 100 if the same -ve growth of 2010 plays out in 2011!
@SufficientlyP
sparkly
#8 Posted : Thursday, March 31, 2011 9:23:29 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mkonomtupu wrote:
I heard some people at the brokers discussing this stock and they want to buy as it is the cheapest on the market at 2.35/=. The market can be so irrational at times

this stock is not cheap! it is very expensive
Life is short. Live passionately.
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