"Stocks that get downgraded get punished and those that report good results still fall, that is a bear market for you"
That's about the only part of your post that I agree with.
"PE means nothing at all"
Rubbish. PE is a very useful tool to ascertain the long-term value of a stock, which is clearly what I was refering to. PE of 11 for what is a world class stock is cheap by any measure. Will it get cheaper? I have no idea.
"there fore that PE of 11 will more of less head higher as it drops"
I hope that was a typo. The PE heads LOWER as the price drops. Or if profit falls. Don;t know anyone predicting a falling profit here.
MJS
biggest dog, page-8
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Last
$16.96 |
Change
-0.350(2.02%) |
Mkt cap ! $25.48B | |||
| Open | High | Low | Value | Volume |
| $17.38 | $17.38 | $16.91 | $38.82M | 2.279M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75 | $16.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.97 | 14045 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |