Re: [CANSLIM] Cheap?

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Cheap?
Date: Fri, 12 Jul 2002 22:57:39 -0400

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Trailing PE ratios should be ignored by all CANSLIMers. If you want to use
or study PE ratios, use forward (projected, forecasted) PE ratios.

- ----- Original Message -----
From: "Rocky Sanghvi" <rs@mylodestar.com>
To: <canslim@lists.xmission.com>
Sent: Friday, July 12, 2002 4:36 PM
Subject: RE: [CANSLIM] Cheap?

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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