Re: [CANSLIM] Cheap?

From: Lois <ldibbs@comcast.net>
Subject: Re: [CANSLIM] Cheap?
Date: Sat, 13 Jul 2002 08:54:13 -0500

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Rocky,
 
Would you be so kind as to post a link for the info below? 

TIA,
Lois

Rocky Sanghvi wrote:
> 
> 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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