overdone or still more to come, page-26

Dull,

i dont know about you but i am much more comfortable pating 5x than 20x. high PE stocks in this market will get attacked at some point.

the main risk with BNB is future growth, but at 5x even if there is no growth or a 50% drop in earnings i am still paying a lot less than SHL. is there risk? i take a risk getting out of bed in the morning, its about risk and reward.

do i think that within the next 6m-12m BNB will be back to $20? of course i do that i brought in in the low $13's not the mid $20's when all these brokers were saying buy and had target prices of $30 and PE was 20x.

buy growth stocks when they are low PE's, the div yield from BNB will be around 4.5% this year, i am sure thats more than SHL.