gee you do seem to spend a lot of time on this site.I know. It's...

gee you do seem to spend a lot of time on this site.

I know.

It's the consequence of getting mixed up with people who don't know what they're doing.

nobody on this thread said anything about whichever company has the lower P/E is better value.

That's because this is the "re: sales update" thread.

You're looking for the "re: one dollar today" thread.

let me guess you are one of those value investors who knows everything there is about stock selection. u use DCF to determine value, then look at other factors such as long term prospects, industry factors, and quality of company management etc. then you work out whether the price is fair value or below before making a stock selection... you may even go so far as have various positive and negative filters....

Yep. I do all those things. And a lot more.

we've never professed to say P/E is a determinant of value, it is just a ratio that is considered when assessing stock.

Yes you have. Refer zwu's post:

    "The valuation's fair price is simply estimated earnings times target P/E." --
    Post #: 3168977, 30/07/08 23:54

what baffles me is why i even reply to you.

That is not my concern.