how does neppy really measure up, page-2

P/E's as a standalone indicator have very little meaning in current market...

cant compare it with WOR, due to size difference, proven long term track record, huge order book, much less risk...

same thing goes for MRM but to a lesser extent...

as opposed to a bull market where growth opportunities would normally put NMS at a P/E premium to the sector, in a bear market it gets discounted more than its peers for a higher perceived risk...

makes sense...