re: ETC vs the market - the mismatch can't continue too much...

re: ETC vs the market - the mismatch can't continue too much longer.

the average growth stock (there are not not too many of them right now), say with an average 30% debt level would comfortably be trading at a forward p/e of 10 - 15x.

The blue chips such as WOW, WPL, BHP, COH and CSL etc..most carrying debts of different degrees are trading at forward p/e's of 20 - 25 x plus.

All the banks face increasing loan default risks going forward ..
and their profits would surely be squeezed.

ETC has NO DEBT and is currently trading at a Ridiculously Low forward p/e and has given guidance for FY 2009 .. what else does the market want ?

Most businesses
.