P/E ratios are more of a trailing indicator and if you're using...

P/E ratios are more of a trailing indicator and if you're using them to forecast future value then you might as well throw some dice. It doesn't take much for a healthy P/E to turn bad which I thought by now people on BAL forum would understand.

I was incredibly tempted to buy in today but with 3 CAs and and some disappointing results coming up I think I'll wait for a more accurate P/E ratio to reveal itself. Hats off to those buying in, you got balls of steel.