Okay...one little reluctant bark on this subject then...
Underlying EPS and the future growth of same is what counts. SUM companies have a very good record of growing same, others less so and therefore will command a lower PE multiple until they can prove themselves.
Value Value Value ------ Have a read of The Intelligent Investor by B. G.
Quote:
Originally Posted by
steveb
Hey Warren have you ever been accused of ramping?
OCA is a hold at the mo certainly not a bargain but hey I bought some last week as well just to tuck away for when I retire
Ramping ??. I had to look the meaning up in Benjamin Graham's textbook on real value in the market. Ah ha got it --It's what Sir Bob Jones used to assist in making his $600 million fortune.
No way----- not me old Chaps--that's a Scurrilous claim-----I just look for value such as $42 mill profit and 1 $ billion of assets all for a buck and an IPO (more risky than a moon shot) that delivers more than it says it will. (and that is the rarest investment pearl of them all)