RE: [CANSLIM] Cheap?

From: "Rocky Sanghvi" <rs@mylodestar.com>
Subject: RE: [CANSLIM] Cheap?
Date: Fri, 12 Jul 2002 16:36:40 -0400

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S&P 500 Price/Earnings Ratio At 37.31, Down From 37.65

NEW YORK -(Dow Jones)- The price/earnings ratio of the Standard & Poor's 500
index at the close of trading Friday, July 12, was 37.31.
Thursday, the ratio was 37.65.

The lowest price/earnings ratio on the S&P 500 came in the second quarter of
1949, when the reading slipped to 5.9. Over the last decade, the low was
15.77 in the first quarter of 1995.

The price/earnings ratio, known as the multiple, is a measure of the average
stock price divided by the average earnings per share. The earnings data is
based on the trailing four quarters.



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