To balance things up, here is a list of high p/e stocks that have come of there high's over the last 12 months.
A2M, DMP, RHC, KGN,ORE,AGI,QBE, MFG, PPT , WHA, & BAL of course.
WHA has no p/e.
There is always 2 sides to an argument.
Royce.
Bellamys in China Trouble, page-64
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